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Cramer's 'Mad Money' Recap: A Resurgent Retail Sector

So who's right? Cramer said both sides are. He blessed owning Sands, along with Wynn Resorts (WYNN), for any investor who feels China is on the rebound, but also MGM for investors betting on a big turn in Las Vegas.

Quaffing With Cramer

For the next installment of his "Cramer's Cookout" series, Cramer set his sights on the bull market in beer. Yes, that's right -- beer shipments are up 3.8% in the most recent quarter. That's great news for the king of beers, Anheuser-Busch InBev (BUD), along with rivals Boston Beer (SAM), Molson Coors Brewing (TAP) and spirits maker Diageo (DEO).

Cramer said while Anheuser is the world's largest brewer, the company reported a mixed bag last quarter, with a 3.9% rise in revenue but also a 12-cents-a-share earnings miss. Despite the miss, however, shares did not plummet because Anheuser still has a lot of synergies to gain from its Corona acquisition, along with growth to be had from Europe and China as those economies recover.

Boston Beer has seen its shares soar this year, and also posted a honest beat on its last conference call. But Cramer warned shares are now fully valued at 34 times earnings with a 15% growth rate. He said it's time to ring the register. Molson Coors is also not overly attractive, said Cramer, as it offers slower growth and fewer catalysts than Anheuser.

Cramer remains a fan of Diageo, as that company derives 40% of its sales from emerging markets and another 20% from Europe, leaving this company with huge opportunities ahead.

So when it comes to beer, Cramer told viewers to stick with Anheuser-Busch, and if they're looking for something a little spicier, go with Diageo.

Lightning Round

In the Lightning Round, Cramer was bullish on Vodafone Group (VOD) and Kroger (KR).

Cramer was bearish on Micron Technology (MU), Renren (RENN) and Epizyme (EPZM).

Off the Charts

In the "Off The Charts" segment, Cramer went head to head with colleague Dan Fitzpatrick over the direction of markets. According to Fitzpatrick, the markets may be done rallying for the year and are likely to trade sideways until 2014.

Using a daily chart of the S&P 500, Fitzpatrick noted the average's uptrend resistance line has been acting as a ceiling since November. With every rally that ceiling was tested, until most recently.

Conversely, the S&P's 50-day moving average has served as a floor of support, also being retested with every downturn, until most recently. Since June 20, Fitzpatrick noted, the S&P not only failed to stay above its floor, but the subsequent rally also failed to retest its ceiling.

Additionally, Fitzpatrick noted the MACD is signaling a bearish crossover; the last time that happened, the S&P moved sharply lower. Combine these facts with a breakdown in the relationship with interest rates and Fitzpatrick felt the markets have huge hurdles to overcome.

Cramer said he agrees with Fitzpatrick's assessment of the state of affairs but he also feels that if any inputs change, as in interest rates going lower or China and Europe heading still higher, the markets could still stage a year-end rally.

No Huddle Offense

In his "No Huddle Offense" segment, Cramer opined on the stocks of Tesla Motors (TSLA), Amazon.com (AMZN) and Netflix (NFLX), three "cult" names that he said will keep going higher as long as cult members continue to love them.

Cramer said all three of these companies' valuations make no sense whatsoever, but people just keep buying them as they're the hottest products and services around. They simply defy logic, he said -- but as long as those products and services continue to wow consumers, the sky's the limit, as the shares have already proven.

To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.

To sign up for Jim Cramer's free Booyah! newsletter with all of his latest articles and videos please click here.

-- Written by Scott Rutt in Washington, D.C.

To email Scott about this article, click here: Scott Rutt

Follow Scott on Twitter @ScottRutt or get updates on Facebook, ScottRuttDC

At the time of publication, Cramer's Action Alerts PLUS had no position in stocks mentioned.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of TheStreet.com or its affiliates, or CNBC, NBC Universal or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither TheStreet.com, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or TheStreet.com is related to the specific opinions expressed by him on "Mad Money."

None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, TheStreet.com or CNBC that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the program. Mr. Cramer's past results are not necessarily indicative of future performance. Neither Mr. Cramer, nor TheStreet.com, nor CNBC guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the program. The strategy or investments discussed may fluctuate in price or value and you may get back less than you invested. Before acting on any information contained in the program, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

Some of the stocks mentioned by Mr. Cramer on "Mad Money" are held in Mr. Cramer's Action Alerts PLUS Portfolio. When that is the case, appropriate disclosure is made on the program and in the "Mad Money" recap available on TheStreet.com. The Action Alerts PLUS Portfolio contains all of Mr. Cramer's personal investments in publicly-traded equity securities only, and does not include any mutual fund holdings or other institutionally managed assets, private equity investments, or his holdings in TheStreet.com, Inc. Since March 2005, the Action Alerts PLUS Portfolio has been held by a Trust, the realized profits from which have been pledged to charity. Mr. Cramer retains full investment discretion with respect to all securities contained in the Trust. Mr. Cramer is subject to certain trading restrictions, and must hold all securities in the Action Alerts PLUS Portfolio for at least one month, and is not permitted to buy or sell any security he has spoken about on television or on his radio program for five days following the broadcast.

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