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 (SFM), 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 Domino's Pizza (DPZ), 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.
Lightning RoundIn the Lightning Round, Cramer was bullish on Royal Bank of Scotland (RBS) and Illumina (ILMN). Cramer was bearish on 1-800-Flowers (FLWS) and Walter Industries (WLT).
Executive Decision: Tom RogersIn the "Executive Decision" segment, Cramer sat down with Tom Rogers, president and CEO of TiVo (TIVO), 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.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV