In the Lightning Round, Cramer was bullish on
Calumet Specialty Products
Executive Decision: Daniel Oh
In the "Executive Decision" segment, Cramer sat down with Daniel Oh, president and CEO of
Renewable Energy Group
(REGI - Get Report)
, a small, speculative company whose stock has risen 125% so far this year.
Oh explained that 2% of the overall diesel pool now comes from biodiesel and his company's refineries are taking waste oil and fat products and refining them into high-quality fuels.
When asked about government incentives that encourage refiners to add biodiesel to their blends, Oh said his company was started before incentives and it is planning for the eventual end of those incentives. He said Renewable Energy Group continues to build a lean and competitive business that can survive in any environment.
Turning to the issue of larger competitors such as
Archer Daniels Midland
, Oh said ADM looks at biodiesel differently and makes its fuels directly from seeds, while Renewable Energy uses waste products, which doesn't impact upon the price we pay for food.
Cramer said Renewable Energy Group has an interesting, albeit speculative, business model and he encouraged investors to take a look and do their homework on the company.
No Huddle Offense
In his "No Huddle Offense" segment, Cramer said he doesn't put a lot of faith in technical analysis or macro-economic theories. He's more of a bottoms-up, sector by sector guy who relies on conference calls and good, old-fashioned homework, he said.
So what are individual companies saying? Cramer said he's not liking what he's hearing, especially from retailers including
. It appears that the economy is indeed taking a bit of a pause, he said, and that's worrisome.
Is it the end of world? Probably not, he said. But is it enough to be concerned and cautious? Absolutely.
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:
Follow Scott on Twitter
or get updates on Facebook,