Cramer said Medidata is an expensive stock, but like many other cloud computing companies the expensive only get more expensive as they rocket higher and higher.
A Serving of Restaurant Stocks
It's the same old story, Cramer told viewers: Companies that execute will see their stocks go higher, while those that drop the ball get punished by the markets. That was certainly evident in the restaurant stocks this quarter, Cramer noted, with several notable standouts.
Weak earnings from
(CAKE) took down many of the restaurant names today, but Cramer said that's a buying opportunity if investors choose the right stocks.
(MCD) told investors that a weak consumer was to blame for its disappointing quarter, but Cramer said that in reality McDonald's was an outlier because
Chipotle Mexican Grill
(CMG) didn't have such complaints and posted store growth of 5.5%.
missed earnings by 3 cents a share but Cramer said the problem there appears to be just a problem serving so many customers. Panera is still set to grow its store count by 7% this year and its stock trades at just 20 times earnings with an 18% growth rate.
Cramer reiterated his buy on
after talking to its CEO earlier this week, and was bullish on both Dunkin' Brands and Starbucks, saying that all three stocks are worth buying right here.
In the Lightning Round, Cramer was bullish on
Cramer was bearish on
Philip Morris International
Executive Decision: Nick Akins
In his second "Executive Decision" segment, Cramer spoke with Nick Akins, president and CEO of
American Electric Power
(AEP - Get Report)
, which today posted a miss of 1 cent a share in earnings on flat revenue while reaffirming its full-year guidance. American Electric currently sports a 4.25% dividend yield.
Akins said that while the manufacturing segment of our economy continues to struggle, once it gets going again earnings will take off at American Electric thanks to the many investments it has made in infrastructure and cost cutting thus far. He said that earnings are split evenly between industrial, commercial and residential customers. While margins are lower on the industrial side, once that segment begins growing the other two quickly follow.