But Alcatel is about more than just takeover speculation, it's also a turnaround story, with a new CEO that's getting serious about selling off assets to narrow his company's focus to only those areas that have solid differentiation. Alcatel is also cleaning up its balance sheet and has refinanced its debt so that nothing is coming due until 2017.
And what of that newly capitalized Nokia? Cramer said that Nokia may likely be a bidder for some of Alcatel's assets now that the company has a big cash infusion from
So with spending on the rise and Alcatel making itself more attractive, investors may indeed have multiple ways to win in this "left for dead" stock.
Executive Decision: Jim Griffith
In the "Executive Decision" segment, Cramer spoke with Jim Griffith, president and CEO of
(TKR - Get Report), the steelmaker that recently announced it will be splitting itself up to unlock additional value for shareholders. Timken is currently an Action Alerts PLUS holding after Cramer visited the company last year.
Griffith explained that after years of creating an integrated company that both designed solutions for customers and then made them, Timken listened to its shareholders and is now creating two separate companies that can not only achieve those goals better, but also unlock a lot of value in the process.
Griffith said Timken has always been a technology company that made unique solutions for customers. He noted that 30% of what the company sells today did not exist just five year ago, making Timken a very unique player in the steel industry.
Cramer commended Griffith and Timken for listening to shareholders, changing direction and creating more value for everyone involved. He said not many companies have independent boards that ask the right questions, nor management teams that are willing to answer those questions with a radical departure from the status quo.
In the Lightning Round, Cramer was bullish on
Advanced Micro Devices
Kodiak Oil & Gas
Kinder Morgan Energy Partners
Cramer was bearish on
What Does Catsimatidis Think?
In a special interview, Cramer spoke with John Catsimatidis, billionaire and Republican candidate for mayor of New York City who is running on a platform of bold ideas for both New York and our nation.
Catsimatidis said that no one in politics has vision anymore, and most of the Fortune 200 companies are creating more jobs overseas than they are in America. He said we need common-sense reforms in both New York and in Washington.
Catsimatidis continued by saying that it takes a lot of courage to run for office in modern America, with news outlets digging up dirt from 20 and 30 years ago, trying to discredit a candidate in any way they can. "This nonsense keeps a lot of good people from running," he said.
So what are some of Catsimatidis' bold ideas? He wants Washington to endorse energy independence for America by Independence Day of 2020. There's plenty of oil in Alaska and in the Gulf and in North Dakota, as well as Canada and Mexico, Catsimatidis said. There's just no reason we need to import oil from the Middle East.
To that end, Catsimatidis noted that all of the gas stations he owns advertise 100% American-made gas, a notion that's very well received by consumers.
No Huddle Offense
In his "No Huddle Offense" segment, Cramer said it will be international growth that will be taking the markets higher, but that doesn't mean there's not also a lot of pent-up demand at home.
Cramer said he's been amazed at the strength in auto sales as well as the pickup in housing given the recent rise in interest rates. Retail sales, outside of apparel, have also been remarkably strong, as has the continued boom in oil and natural gas and even the regional banks.
So while the recovery in Europe and China may be getting all of the headlines for the rest of the year, Cramer said investors need to keep their eyes focused domestically as well.
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-- Written by Scott Rutt in Washington, D.C.
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