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NEW YORK (
TheStreet) -- The markets appear to be stalled, Jim Cramer told his
"Mad Money" TV show viewers Monday, but that doesn't mean it's time to abandon them. Cramer said that it may be hard to find the market's leaders at the moment, but they are indeed out there.
Technology used to be a market leader, but now only telco spending is heating up, noted Cramer. That's simply not enough for the markets to take nice. Even positive news from
Yelp(YELP) received a yawn on Wall Street.
The financials are in a similar boat as they pause for interest rates to rise or home sales to rebound, Cramer said. The food and drug stocks have stalled, with names including
Johnson & Johnson(JNJ) peaking. Housing stocks have also been stopped cold, and only a few restaurants, including
Chipotle Mexican Grill(CMG) and
Panera Bread(PNRA), remain buys.
In the oil patch, only
EOG Resources(EOG) has managed to bucked the trend and headed higher, while the real estate investment trusts and master limited partnerships continue to struggle in their new environment.
Perhaps the only bright spots are those sectors that rely on China and a rebound in Europe. Cramer said aerospace and autos, along with materials, mining and minerals offer hope of picking up steam as the global economy strengthens. A move in the steel stocks, he noted, may just be heating up.
Executive Decision: Rick Goings
In the "Executive Decision" segment, Cramer sat down with Rick Goings, chairman and CEO of
Tupperware(TUP - Get Report), a stock that's soared 478% since Cramer first got behind it in October 2006 and one that's up 11% since he last spoke with Goings in late April. Shares of Tupperware currently sport a 2.8% dividend yield.
Goings once again championed Tupperware's person-to-person business model, noting that every few seconds there's a Tupperware gathering of friends, family or neighbors somewhere in the world. Despite the many revolutions in social media, people still like to meet face to face, said Goings.
However Tupperware is also flexible, he noted, and in countries like China, where space is limited, Tupperware now has 3,900 stores to help reach their millions of customers. As the global middle class continues to expand, the power of the Tupperware brand will only keep expanding. That's why Indonesia is now one of the largest markets for Tupperware because that country is experience a surge in women entrepreneurs and a 36% surge in sales.