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Cramer's 'Mad Money' Recap: Out With the New

Does America have less gas than we think.? Souki said no. He said our country may still have 40,000 wells, the same as last year, but each of those wells is producing more and more gas thanks to better technology. Much of our natural gas supply simply gets burned off, or flared, as a byproduct of oil production, said Souki. "There's plenty of gas for everyone."

Responding to critics who say U.S. gas is best used domestically, Souki said those critics should put their money where their mouths are and build some domestic factories. The gas is here, he said, and they're welcome to use it.

Cramer said Cheniere continues to deliver on its promises and he's still behind the company.

A Breakup in the Making?

The market likes breakup stories and it likes takeovers, Cramer told viewers. Fortunately, there's one company that gives you both possibilities, and that's Agilent (A - Get Report), the measurement and testing company that was spun off from Hewlett-Packard (HPQ) in 1999.

Cramer said Agilent has been doing OK so far this year, up 10%, but it's also lagging the markets, making it ripe for a change. He explained the company's life sciences and chemical division has been held back by its cyclical electronics and testing division. While Agilent has made attempts to diversify itself through acquisitions, in the end all it's done is make things harder for investors to quantify.

As a breakup play, Cramer said Agilent's parts are certainly worth more than the whole, and the parts can only be fully valued once separated. But what about a takeover? Cramer said Danaher (DHR) is a logical acquirer for Agilent because the company is already in many of Agilent's businesses and there would be a ton of synergies. Danaher has already been on a buying spree and company management has indicated they'd love more life science exposure.

Cramer said he never recommends a company on takeover speculation alone, which is why he loves that Agilent was able to post a 10-cents-a-share earnings beat and continues to clean up its operations.

In the end, Cramer said Agilent's parts are worth $14.3 billion and $8.3 billion, for a total of $22.6 billion, or $65 a share.

Lightning Round

In the Lightning Round, Cramer was bullish on Barnes & Noble (BKS), Under Armour (UA), Cisco Systems (CSCO), Pfizer (PFE) and GlaxoSmithKline (GSK).

Cramer was bearish on Eagle Rock Energy Partners (EROC), West Corp (WSTC) and Kinder Morgan Energy Partners (KMP).

Executive Decision: JJ Bienaime

In his second "Executive Decision" segment, Cramer spoke with JJ Bienaime, CEO of BioMarin (BMRN - Get Report), a stock that fell 4.6% in today's trading despite compelling new evidence surrounding its breast cancer drugs under development.

Bienaime said today's decline in stock price was caused by expectations getting too high for his company's pipeline. He said it was a classic "sell the news" reaction that has nothing to do with BioMarin's test results.

When asked about those results, Bienaime said his company's drugs for breast and ovarian cancer are performing well, as they indicated, and there will be even more data presented in September and December of this year. He noted that unlike some other treatments under development, BioMarin's treatment is only one capsule a day, compared to up to 18 capsules a day for others. Bienaime also said the opportunities for drugs under development could be even great with additional indications.

When asked what makes BioMarin different than other biotechs and Big Pharma working in the cancer space, Bienaime said BioMarin has always focused on smaller, orphan drugs and that today, cancer treatment is moving away from "one size fits all" treatments and into more specialized drugs that effectively treat only certain indications and mutations of cancers, which is exactly where BioMarin excels.

Cramer said BioMarin remains his favorite biotech stock in the group.

No Huddle Offense

In his "No Huddle Offense" segment, Cramer said it's time to start selling some of the oil stocks because crude prices are on the verge of a major move to the downside.

Cramer explained that for weeks now commodities like steel, copper and aluminum have all been falling, signaling a slowdown in the world's emerging markets. Yet, Brent crude prices have held fast above $100, as if to mock the moves in the other commodities. With U.S. oil imports continuing to decline as domestic production increases, Cramer said Brent crude is due a sizable pullback.

That may be good news for the U.S. economy, he concluded, but will be bad news for any oil stocks in your portfolio.

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
At the time of publication, Cramer's Action Alerts PLUS had positions in CSCO and GSK.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for, Inc., and CNBC, and a director and co-founder of All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of or its affiliates, or CNBC, NBC Universal or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or is related to the specific opinions expressed by him on "Mad Money."

None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, or CNBC that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the program. Mr. Cramer's past results are not necessarily indicative of future performance. Neither Mr. Cramer, nor, nor CNBC guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the program. The strategy or investments discussed may fluctuate in price or value and you may get back less than you invested. Before acting on any information contained in the program, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

Some of the stocks mentioned by Mr. Cramer on "Mad Money" are held in Mr. Cramer's Action Alerts PLUS Portfolio. When that is the case, appropriate disclosure is made on the program and in the "Mad Money" recap available on The Action Alerts PLUS Portfolio contains all of Mr. Cramer's personal investments in publicly-traded equity securities only, and does not include any mutual fund holdings or other institutionally managed assets, private equity investments, or his holdings in, Inc. Since March 2005, the Action Alerts PLUS Portfolio has been held by a Trust, the realized profits from which have been pledged to charity. Mr. Cramer retains full investment discretion with respect to all securities contained in the Trust. Mr. Cramer is subject to certain trading restrictions, and must hold all securities in the Action Alerts PLUS Portfolio for at least one month, and is not permitted to buy or sell any security he has spoken about on television or on his radio program for five days following the broadcast.
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