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Jim Cramer's 'Mad Money' Recap: Feeling Good About the Fed

Cramer remains bullish on Pier 1, saying that if anyone can buck the slowing macro picture, it should be Pier 1 with its traditionally flawless execution.

Anointed Stocks, Part 4

In the next installment of his "Anointed Stock" series of high fliers that should surge going into the end of the year, Cramer turned his sights on a mix of industrial stocks, including Delta Airlines (DAL), Pitney Bowes (PBI), Boeing (BA), Northrop Grumman (NOC) and Lockheed Martin (LMT).

Cramer said the rally in Delta is all about consolidation in the industry. With fewer players in the market, Delta is on track to have its most profitable year ever, thanks to lower fuel costs and more fuel efficient planes. Delta trades at a scant eight times earnings.

Meanwhile, Pitney Bowes is all about pivoting from its legacy snail mail processing business into digital commerce and logistical services. The company's new management team is breathing new life into the company, said Cramer, although he would not be a buyer of the stock at these levels.

Then there's Boeing, a perennial Cramer fave. Cramer said despite woes with its new Dreamliner, Boeing remains one of the only companies that can offer a 20-year outlook on its business. As for Northrop and Lockheed, they're both laughing in the face of the sequester as they transform into lean, mean, diversified entities that can weather no matter what Washington may throw their way.

Cramer said that Delta, Boeing, Lockheed and Northrop should all be strong performers throwout the rest of the year as money managers pile in to prove they, too, own the best stocks in each sector.

Lightning Round

In the Lightning Round, Cramer was bullish on Royal Caribbean Cruises (RCL), Take-Two Interactive (TTWO), Celldex Therapeutics (CLDX) and ExOne (XONE).

Cramer was bearish on KeyCorp (KEY).

Executive Decision: Patti Hart

In his second "Executive Decision" segment, Cramer spoke with Patti Hart, CEO of International Game Technology (IGT), the casino game maker that's moving aggressively into the fledgling online gaming market here in the U.S.

Hart said IGT is very excited about New Jersey becoming the first U.S. state to allow online gaming and she's ready to bring her company's 10 years of experience outside the U.S. to the domestic market. Hart said everyone wins with online gambling as states and game providers all get a piece of the revenue pie. Online gambling will be open only to legal residents of New Jersey, but Hart said she expects Nevada and other states to follow suit.

IGT is also profiting from its acquisition of Double Down, the social casino platform that's available on Facebook (FB). Hart said the revenue from social gambling are growing swiftly, as users are responding to the authentic casino gaming experience that only IGT can provide.

In the brick and mortar casinos around the globe, IGT is also hitting it big, thanks to branded content that ties into hit movies and TV show, like "Wheel of Fortune," which remains IGT's hottest game, even after many many years.

Cramer told viewers to study the research on IGT, much of which views the company only as a casino tie-in and ignores the many opportunities the company has in both social and online gambling.

No Huddle Offense

In his "No Huddle Offense" segment, Cramer said just that because the markets may be confused about what to do next doesn't mean that you have to be.

Yesterday's Fed actions have paved the way for things to get better in 2014, but the markets aren't likely to overlook a weak fourth quarter in 2013, Cramer warned. That's why stocks from ConAgra (CAG) to McDonald's (MCD) all fell on yesterdays news, along with the homebuilders, the regional banks and the insurance stocks.

In times like these, investors need to focus on the stocks that the Fed doesn't control, including United Technologies (UTX), which is levered to China, or Boeing, which is tied to a global uptick in aerospace.

Many investors may not have been around long enough to have experienced a situation like this before, Cramer concluded. Fortunately, he has, which is why investors need to relax, play it safe and wait for the Fed's action to make a difference in 2014.

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 a position in FB and KEY.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for, Inc., and CNBC, and a director and co-founder of All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of 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, 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 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, 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, 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 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, 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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