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Jim Cramer's 'Mad Money' Recap: Bad Leaders Make Bad Markets

Carolyn Boroden was one of the first technicians to predict Apple was heading higher back in August. She remains bullish on the stock, predicting a $792 price target if the stock can surge past a resistance area between $575 and $582 a share.

Bob Lang saw a beautiful daily chart in Apple, one that showed the stock resting after a 10% rise in just 10 days. He noted the MACD momentum indicator showed a bullish crossover, causing him to feel the stock could play catch up and rise above $600 a share soon. Lang also liked the weekly chart of Apple, noting a "W" formation, as well as the RSI and Williams' oscillators confirming the bullish patterns.

Tim Collins took a longer-term look, using a monthly chart to note a bullish channel for Apple that extends back to 2006. The support line of that channel has never been breached, and that could see Apple at $900 a share by 2015.

Cramer said he's not fighting the technicals on this one. Apple is poised to have a strong holiday season and a strong 2014, he said, and that's good enough for him.

Must Read: Jim Cramer's 'Mad Money' Recap: There's Always a Bull Market Somewhere

Lightning Round

In the Lightning Round, Cramer was bullish on Chevron (CVX), Exxon Mobil (XOM), Zoetis (ZTS), Schlumberger (SLB), Alcatel Lucent (ALU), First Solar (FSLR) and American Realty Capital Properties (ARCP).

Cramer was bearish on Halliburton (HAL), Accenture (ACN), Sunpower (SPWR) and Monmouth Real Estate (MNR).

Off the Tape

In his "Off The Tape" segment, Cramer looked into electronic cigarettes by speaking with Craig Weiss, president and CEO of the privately held NJOY.

Weiss explained that NJOY's mission is to make regular tobacco cigarettes obsolete by replacing them with electronic cigarettes that offer the same nicotine without the harmful and annoying side effects. He said e-cigarettes are an emerging category and one where public perception hasn't caught up with the science.

When asked about that perception, Weiss said NJOY and others want to be part of the solution, not the problem. But with so many people fighting tobacco for so long, anything with the word cigarette in its name is met with intense skepticism. That said, NJOY is encouraging smokers to make the switch to a healthier alternative.

Finally, when asked whether the company would consider coming public, Weiss said NJOY is considering all of its options but at the moment it enjoys the freedom of being independent and focusing on its mission of making tobacco products obsolete.

No Huddle Offense

In his "No Huddle Offense" segment, Cramer opined on what effect the Volcker rule will have on the earnings of JPMorgan Chase (JPM), Goldman Sachs (GS) and the other major financials that have been rallying against such a measure for years. His conclusion? Almost nothing.

Cramer said the Volcker rule might cause a penny-a-share fluctuation in the earnings for these big financials, but what it will impact upon in a big way are the P/E ratios of these financials. Cramer said that ever since JPMorgan's rogue trader incident, investors have been stashing money into other, perceived safer, financials like MasterCard (MA). However, with the Volcker rule in place, these rogue individuals will be aggressively hunted, meaning investors can once again rest easy -- which in turn makes these stocks a lot more valuable.

Cramer said this is the first time in a long time that the government has done something that is actually good for the financials.

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 AAPL.

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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