So when Microsoft finally reported, PC-related sales were indeed sluggish, but earnings held up thanks to a growing cloud and services business, along with entertainment and, of course, the Xbox.
There was only one analyst who bucked the trend and got it right, Cramer noted, but all of the others followed the trend in the wrong direction.
Shares may already be up 11% from the bottom, Cramer said, but they still trade at just 10 times earning with a 3% yield, which is far too cheap for a stock with so many irons in the fire. He said shares will continue to rise and one by one the many analysts are forced to change their tune.
Executive Decision: Sally Smith
In the "Executive Decision" segment, Cramer welcomed Sally Smith, CEO of
Buffalo Wild Wings
(BWLD - Get Report), a stock that's up 79% since Cramer first recommended it in February 2011.
Smith wasted no time in saying that even though Wild Wings just crossed over the 900-restaurant threshold, the company still believes there's room in the U.S. and Canada for over 1,800 locations, and that's not including international opportunities. She said many countries across the globe are clamoring for U.S. brands and she's very excited about the opportunities for growth.
When asked whether the price of chicken wings is more important to the company than the sports schedules, Smith said sports will always be the biggest driver for the company. She said Wild Wings has dealt with wing prices since its inception and handled the record low prices in 2011 and the subsequent highs in 2012, all without a hitch. But when there are great sports rivalries on the schedule, that's what brings in customers.
Smith was also upbeat about Buffalo Wild Wings becoming the official hangout for all NCAA sports as well as the company's radio advertising campaigns, both of which are helping drive new business for its restaurants.
Finally, asked whether
tests of bone-in chicken products is a threat, Smith said it's an endorsement of just how popular chicken wings have become. She noted that people visit McDonald's for different reasons than Wild Wings, which is why she's not worried.
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