Jim Cramer's 'Mad Money' Recap: Retail Earnings Ahead
Finally, Hartung provided an update on European sales, which are following the same sales trends as the U.S. in its early days, and also on Shophouse, the company's Asian kitchen concept, which has five locations and is doing well.
Cramer said that while he's not sure where Chipotle will be trading in the short term, over the next few years, the stock's direction is crystal clear.
In the Lightning Round, Cramer was bullish on Radian Group (RDN), Genworth Financial (GNW), Quiksilver (ZQK), G-III Apparel Group (GIII), Sony (SNE), Dominion Resources (D) and Foundation Medicine (FMI).
HomeworkIn his "Homework" segment, Cramer followed up on a handful of stocks that stumped him during earlier shows. He said that Abaxis (ABAX) is far from a great stock and he'd stay away from that one, but he was more bullish on Pitney Bowes (PBI), after the company announced a new partnership with eBay (EBAY). Cramer said he wasn't a fan of BJ's Restaurants (BJRI), as the company has hit several speed bumps in its regional-to-national rollout, but he did like NCR (NCR), the old-school tech giant that's moving away from hardware, like ATM machines, and into more lucrative software products. Cramer also responded to questions sent via Twitter to @JimCramer. He said to steer clear of Alcoa (AA), as there's still a huge glut of aluminum in the world, but he remained a big fan of CVS Caremark (CVS), which continues to have great earnings.
No Huddle OffenseIn his "No Huddle Offense" segment, Cramer opined on the news that Facebook (FB) offered $3 billion to buy the social photo app SnapChat. Would Facebook have been dramatically overpaying for another fad like OMGpop? Cramer said that depends. In the race to win the mobile, social and cloud space, Cramer said it's worth paying $3 billion just to keep a service like SnapChat out of the hands of the other guy. Just imagine if Apple (AAPL) had made a preemptive bid for Twitter (TWTR), Cramer pondered. Yes, the thought of 20-something founders spurning a $3 billion offer reminds us all of the dot-com bubble, but in today's Internet race, companies can't afford to ignore the next hot thing, which SnapChat represents.
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