Bunch did have positive things to say about his company's finances, noting PPG has a strong balance sheet, lots of cash on hand and is ready for another big acquisition if one comes along. He said the possibility of a share buyback is also an opportunity.
Among the other bright spots for PPG is aerospace, where commercial aviation continues to more than make up for any weakness in military spending. Bunch was also upbeat on PPG's adhesives, sealants and specialty chemical products, all of which were up in the quarter.
Executive Decision: Sandy Cutler
In a second "Executive Decision" segment, Cramer spoke with Sandy Cutler, chairman and CEO of Eaton (ETN), an Action Alerts PLUS holding that's up 11% since Cramer last checked in back in August.
Cutler said Eaton delivered a very strong quarter, with sales up 42% and profits up 48%. He said global electronics bookings were up 5% and aerospace bookings were up 6%, making for some encouraging momentum going into 2014 and beyond.Cutler was also bullish on Eaton's purchase of Cooper Industries, saying his company is building on the synergies of that acquisition and will have many more synergies and cost savings in the future. Other positives at Eaton include a pickup in both light residential and large commercial construction and the company's lighting division, which is leading the industry in transitioning to new, energy-efficient LED light bulbs. Cramer said shares of Eaton are not done going higher.
Lightning RoundIn the Lightning Round, Cramer was bullish on MGM Resorts (MGM) and Icahn Enterprises (IEP). Cramer was bearish on First Majestic Silver (AG), Sony (SNE) and Atmel (ATML).
Executive Decision: James VolkerIn a third "Executive Decision" segment, Cramer checked in with James Volker, chairman and CEO of Whiting Petroleum (WLL), which just posted a 20-cents-a-share earnings beat on a stellar 56% rise in revenue, both of which stemmed from a 12% increase in the company's oil and gas production. Volker said Whiting's success stems from keeping an eye on drilling and completion costs. He said the company's drilling times have been cut in half and Whiting can now drill a well 10,000 feet deep and 10,000 feet horizontally in just 11 to 15 days. Additionally, new technology has allowed those wells to be drilled using just a single drill bit, saving even more time from not having to change bits. When asked about the lucrative Niobrara region of Colorado, Volker explained the company has always known there was a lot of oil in the region, but only with the new technologies has it been able to extract it. Using that new technology, Whiting has seen wells in the Niobrara produce twice as much oil in a given area than even the Bakken shale has delivered. With so many positive things happening in the oil patch, Cramer said Whiting will be a winner for years to come
No Huddle OffenseIn his "No Huddle Offense" segment, Cramer reminded viewers the goal of owning stocks is to make money, and money made in Amazon.com (AMZN) is just as legitimate as other stocks. Cramer explained that for some the 24,000% rise in Amazon shares since the company came public in 1997 was somehow not for real. Amazon shares trade at nosebleed valuations, yet the company has yet to turn a profit. But it's the market that determines the value of stocks, Cramer said, not the academics or the skeptics who feel Amazon's valuation just shouldn't be where it is. The bank will accept your deposit, even if the money was made in Amazon and even if the company is more focused on revenue growth than profits, Cramer concluded. 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
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