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Jim Cramer's 'Mad Money' Recap: A Glimmer of Hope

Make no mistake, Cramer still loves all of these companies and their contributions to curing diseases, but Ariad and Achillian should serve as a wake-up call that companies that don't even have products on the market yet can be taken out by the Food and Drug Administration at a moment's notice.

Getting Through the Mumbo Jumbo

In the next installment of his "Survival Guide" of defensive stocks to combat the Washington "mumbo jumbo," Cramer turned his sights on the oil and aerospace stocks, two areas that can transcend politics as they're both in secular growth mode.

Cramer said when it comes to aerospace, don't overthink it, go with Boeing (BA). He said every carrier needs new, fuel-efficient planes and Boeing has a 20-year plan to deliver them thanks to its 10,000-plane backlog.

In the oil patch, Cramer said it's not the majors that are performing, it's the independent names in America's shale fields that are delivering the goods. That's why he's still a fan of names including Gulfport Energy (GPOR) and Cabot Oil & Gas (COG - Get Report), along with EOG Resources (EOG - Get Report) and Pioneer Drilling (PXD - Get Report).

Cramer said that any of these stocks can be bought on weakness as Congress works out the details of its latest promise of compromise.

Lightning Round

In the Lightning Round, Cramer was bullish on Perrigo (PRGO), General Dynamics (GD), 3M (MMM) and Noble Energy (NBL).

Cramer was bearish on Green Mountain Coffee Roasters (GMCR), InvenSense (INVN), Lannett Company (LCI), Canadian Natural Resources (CNQ) and Emerald Oil (EOX).

Executive Decision: David Jaffe

In the "Executive Decision" segment, Cramer spoke with David Jaffe, president and CEO of Ascena Retail Group (ASNA - Get Report), purveyors of the Dress Barn, Justice and Maurice's clothing stores.

When asked about the retail market overall, Jaffe noted that Ascena is positioned a little differently than most apparel retailers. He said the value end of apparel is doing well, as is the high end, but in the middle customers are feeling squeezed and are more willing to trade down -- which is where Ascena's brands are positioned.

Apparel is also being challenged by other categories, Jaffe said. Big items like autos and things for the home as well as electronics seem to be taking precedence over apparel. What the market needs more is a return of consumer confidence, something that the Washington shutdown is only making much worse, he said.

Turning to Ascena's brands, Jaffe said its turnaround plans for brands such as Lane Bryant are starting to take effect; meanwhile, e-commerce is also paying off. Ascena can allow customers to do things that online-only retailers can't, such as buying online and shipping to a store or ordering from a store and shipping to a customer's home. These all add value that other stores can't deliver.

Cramer said he is a believer in the Ascena story, calling it the right play for the current retail environment.

No Huddle Offense

In his "No Huddle Offense" segment, Cramer said when it comes to the high-multiple Nasdaq stocks, investors need to wait three days and then buy, buy, buy.

That's what happened with stocks such as Gilead Pharmaceuticals (GILD), Yelp (YELP) and LinkedIn (LNKD) as money managers stepped aside and the shorts swooped in, only to take things too far.

Cramer said this three-day pattern repeats itself time after time and the completion of the patten ended today -- buyers once again caught the shorts off guard, sending all of these names up sharply.

The next time investors see big selloffs like what we saw on Monday, Cramer said they need to sit back and start counting.

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, 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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