Thaman was also bullish on rising interest rates, saying the trend will likely bring more buyers to the market before rates go even higher. Borrowing money at 4% and buying a home that's rising in value by 10% is still a great deal, he noted. Thaman was even bullish on China, where competitors have slowed their expansion and are waiting for demand to catch up to supply.
Cramer called Owens Corning a great American company and said when a company announces a shortfall and the stock doesn't go down, well, that should tell you something.
To be a great investor, you need to remain rigorous and disciplined, Cramer told viewers, and that's especially true when speculating. That's why Cramer recapped his 12 "Speculation Friday" picks for the year to see how they've been doing. Not surprisingly, they've delivered a 20% return, on average, with five massive winners, one 30% winner, three losers and the rest remaining essentially flat.
Cramer said that
is still not yet out of bankruptcy and he still likes its prospects. He was also bullish on
Cramer said he was worried about
, a stock he owns for his charitable trust,
Action Alerts PLUS
-- until today, when the company reported terrific earnings.
Also in the bull camp were
. Even pharmacy benefit manager
was still a buy in Cramer's book.
Among the losers, Cramer said he was disappointed by
was the biggest loser, down 48% since the recommendation.
In the Lightning Round, Cramer was bullish on
Kohlberg Kravis Roberts
Advanced Micro Devices
Alliance Fiber Optic Products
Cramer was bearish on
Am I Diversified?
In the "Am I Diversified?" segment, Cramer spoke with callers and responded to tweets sent via Twitter to
to see if investors' portfolios have what it takes for today's markets.
The first portfolio included:
Cramer said this portfolio "rocked."
The second portfolio's top holdings included:
Cramer also blessed this portfolio as properly diversified.
No Huddle Offense
In his "No Huddle Offense" segment, Cramer opined on the
(AAPL - Get Report)
conference call. Apple is an Action Alerts PLUS holding.
Cramer said if you believe the analysts, Apple is on its last legs and doing nothing right. They worry about smartphone saturation and low-end product cannibalization of Apple's high-margin products. Despite selling around the globe, the analysts only focus on China, which has traditionally not been one of Apple's strong suits. Alas, Apple has become a battleground stock, with shares rising sharply in spite of the analysts' negativity.
Cramer said nothing will break this negativity except a stunning new product announcement. Until we get one, there will be little to take the stock significantly higher.
To watch replays of Cramer's video segments, visit the Mad Money page on CNBC
-- Written by Scott Rutt in Washington, D.C.
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