Baldanza also said Spirit is one of the few airlines that's actually run like a business. He said the company has good margins and is profitable in every city it services.
When asked how industry consolidation affects Spirit's operations, Baldanza said consolidation has stabilized the airline industry by reducing over-capacity and eliminating some of the most cut-throat competition, allowing for all the airlines to run their businesses better and more profitably.
Cramer said that after endorsing airline stocks for the first time in decades last week, Spirit is one of the best picks in this re-emerging industry.
With retail sales continuing to roar, Cramer revisited his "Great Gatsby" index of luxury stocks, expanding the list with six new names including Toll Brothers (TOL), builders of high-end homes; Brunswick (BC), makers of boats and recreational vehicles; Saks (SKS) and Coach (COH), in the retail and accessory space, along with Tiffany (TIF) for jewelry and Estee Lauder (EL) for makeup.Cramer said his original index, which included Whole Foods (WFM) and Michael Kors (KORS), has lagged the S&P 500 by a hair and also lacked the diversification for a true gauge of spending by the wealthy. He said by adding these names, the index now better represents all high-end goods. Cramer said Saks, Coach and Tiffany complement his original set of retailers, while Brunswick is the quintessential discretionary spending company. Estee Lauder is the premier beauty player, he added, while Toll Brothers has been his favorite high-end home builder for years. By adding all of these names, Cramer concluded, investors can now use the entire Gatsby index to better see exactly where the high-end of retail is heading.
Lightning RoundIn the Lightning Round, Cramer was bullish on Micron Technology (MU), CVS Caremark (CVS) and Cummins (CMI). Cramer was bearish on Sprint Nextel (S), Pacira Pharmaceuticals (PCRX) and JC Penney (JCP).
Am I Diversified?In the "Am I Diversified" segment, Cramer spoke with callers and responded to tweets sent via Twitter to @JimCramer to see if investors' portfolios have what it takes for today's markets. The first portfolio included: Abbott Laboratories (ABT), Berkshire Hathaway (BRK.B), Conoco-Phillips (COP), McDonald's (MCD) and Pulte Homes (PHM). Cramer blessed this portfolio as perfectly diversified. The second portfolio's top holdings included: Pepsico (PEP), Merck (MRK), Oracle (ORCL), Emerson Electric (EMR) and Suncor Energy (SU). Cramer said this portfolio was also properly diversified. The third portfolio had: CenterPoint Energy (CNP), Bristol Myers-Squibb (BMY), General Electric (GE), Waste Management (WM) and Kellogg (K) as its top five stocks. Cramer said he was also a fan of this portfolio.
No Huddle OffenseIn his "No Huddle Offense" segment, Cramer once again made the suggestion that Apple (AAPL), a stock he owns for his charitable trust, Action Alerts PLUS, should buy streaming movie giant Netflix (NFLX). Cramer thinks Apple has hit a wall with its current AppleTV plans, and that wall is the content providers who are not willing to seed their customers to Apple. Cramer said that neither bullying or negotiation are likely to change these providers' minds. Meanwhile, Netflix already has 26 million subscribers paying for streaming content into their living rooms and would likely welcome an Apple-centric revamp of the service and its offerings. With over $100 billion in cash, Cramer said it's important for Apple's share price for the company to return a sizable chunk of that cash back to its shareholders. The value created by a Netflix deal would give Apple the growth it needs. To watch replays of Cramer's video segments, visit the Mad Money page on CNBC. -- Written by Scott Rutt in Washington, D.C. To email Scott about this article, click here: Scott Rutt Follow Scott on Twitter @ScottRutt or get updates on Facebook, ScottRuttDC
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV