In the Lightning Round, Cramer was bullish on
Cramer was bearish on
Alliance Fiber Optic Products
Executive Decision: Mark Papa
For his second "Executive Decision" segment, Cramer spoke with Mark Papa, executive chairman of
(EOG - Get Report)
, a stock that pulled back 2.8% today despite posting a stellar 39% increase in oil production. Shares of EOG are up 36% since Cramer last checked in with Papa in May.
Papa commented on the fact that today was his last earnings call at EOG -- he'll be stepping down at the end of the year, passing the torch to the next generation. That earnings call was a great one, however, because Papa noted that technology learned from the Eagle Ford shale is now being applied to the company's Bakken assets with great results. Productivity in the Bakken is up 50% from just a year ago, he said, making that area once again a growth region for EOG.
Papa said EOG is also "hitting home runs" in the western Eagle Ford area, which means the company really doesn't need to find any new areas to meet their five-year production goals. He was also upbeat on the Delaware Basin, another terrific shale play.
Papa was a little more downbeat when it came to the red-hot Permian Basin, saying he doesn't feel the production growth of 2012 will be replicated in 2013 or 2014. U.S. oil shale will continue to be a game-changer, Papa said, but the estimates have now become over-inflated in his opinion.
Cramer said that EOG remains one of his favorite oil drillers.
No Huddle Offense
In his "No Huddle Offense" segment, Cramer opined on two growth stocks that stumbled today, Qualcomm and Whole Foods. He said of the two, only one is worth keeping and that's Whole Foods, a company whose weakness is likely only temporary given its track record of superior execution.
But in the case of Qualcomm, Cramer said the company has become wildly inconsistent and offers investors too many surprises to make the stock worth the investment.
To watch replays of Cramer's video segments, visit the Mad Money page on CNBC
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-- Written by Scott Rutt in Washington, D.C.
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