Cramer said he agrees with Collins, saying that any market-induced pullback would be a good time to buy. He also called out
Sprouts Farmers Market
, a fresh-faced organic IPO from a few months ago, as another way to play the space on continued Washington weakness.
Executive Decision: Patrick Doyle
In the "Executive Decision" segment, Cramer spoke with Patrick Doyle, president and CEO of
(DPZ - Get Report)
, which today delivered a penny-a-share earnings miss on in-line revenue, news that sent shares plunging 5.7%. Despite today's loss, however, shares of Domino's are up 540% since Cramer first got behind the stock in Jan 2010.
Doyle said he was pleased with the quarter, noting that earnings at the store level have risen five years in a row. U.S. store growth is also starting to pick up, which is great news for Domino's employees because near 90% of franchisees start off as hourly workers.
Doyle said Domino's continues to provide quality products and a great digital ordering experience. He said the chain has no interest in running gimmick promotions every few weeks, especially given it is already taking market share from both local and regional players as well as some of the national names.
When asked about digital ordering in particular, Doyle said 40% of all orders now some in digitally and the more who switch from phone to online or mobile, the better because the process is faster and more accurate.
Turning to Europe, Doyle said his company still sees slow improvements in the region.
That was enough for Cramer to once again reiterate his buy on the stock. He said he's not backing away from Domino's.
In the Lightning Round, Cramer was bullish on
Royal Bank of Scotland
Cramer was bearish on
Executive Decision: Tom Rogers
In the "Executive Decision" segment, Cramer sat down with Tom Rogers, president and CEO of
(TIVO - Get Report)
, a $12 stock that sits with almost $8 a share in cash on its books. TiVo currently trades at just 16 times earnings despite a 48% long-term growth rate.