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Jim Cramer's 'Mad Money' Recap: Take the Money and Run

Lightning Round

In the Lightning Round, Cramer was bullish on Google (GOOG), Humana (HUM), Schlumberger (SLB) and Home Depot (HD).

Cramer was bearish on Halcon Resources (HK), Sierra Wireless (SWIR), Freeport-McMoRan (FCX), Alliance Fiber Optic Products (AFOP), OncoMed Pharmaceuticals (OMED) and Transocean (RIG).

Executive Decision: Mark Papa

For his second "Executive Decision" segment, Cramer spoke with Mark Papa, executive chairman of EOG Resources (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.

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 a position in FB.

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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