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TheStreet Open House

Cramer's 'Mad Money' Recap: It's Time for Tech Stocks


Collins saw the identical pattern in Smucker -- a strong rally followed by three months of consolidation and now a crossover with stochastics pulling in the stock's favor. He felt Smucker was set to head to $110 a share.

Cramer said that at first he didn't feel that these iconic food names could possibly have any more room to run, but after seeing Collins' research, he is convinced that both companies have further upside potential.

Nascar Accelerates

In a special interview, Cramer went one-on-one with Brian France, chairman and CEO of Nascar, the group that governs several auto racing events. The sport is the second-most popular after professional football.

France said that while corporate America remains cautious about its advertising spending, nearly one in four Fortune 500 companies now advertise with Nascar. He noted that some sponsors, like 3M (MMM), have been with the sport for over a decade and realize that the value is always there.

When asked about Nascar's changing demographics, France noted the sport now has a 40% female fan base as well as a large number of families that come to events. Nascar is also stepping up its efforts to appeal to the Hispanic population, making it a true representation of America.

Finally, when asked about technological innovation, France said Nascar has always been a leader in developing everything from new systems inside of cars to safety systems and barriers to new processes for caring and maintaining roads.

Lightning Round

In the Lightning Round, Cramer was bullish on Allscripts Healthcare (MDRX), Cerner (CERN), Wells Fargo (WFC), LinkedIn (LNKD), Advanced Micro Devices (AMD) and Cummins (CMI).

Cramer was bearish on Weatherford International (WFT), Linn Energy (LINE), ExOne (XONE), Bank of America (BAC) and Navistar (NAV).

Executive Decision: Marty Mucci

In the "Executive Decision" segment, Cramer spoke with Marty Mucci, president and CEO of Paychex (PAYX), the payroll processor that missed on earnings by three cents a share on lighter-than-expected revenue and a checks-per-payroll number that was only up slightly.

Mucci said that one quarter does not make a trend and he's hopeful for a bounce back in the current quarter. He said new regulations and health care reforms are hampering a pickup in hiring as companies continue to be cautious around the new rules.

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