Looking at the daily chart, Lang noted that those who bought into November's big selloff in Himax came out huge winners. The stock remains in a strong trend, with buyers coming in on every dip. This trend was confirmed by the Williams oscillator, the relative strength indicator, or RSI, as well as the MACD indicator, all of which signal that Himax is a buy on weakness.
Turning to the weekly chart, the uptrend in Himax was also confirmed, and Lang noted the stock has bounced off of every dip for the past few months.
Cramer said he's a believer in Lang's research, and the recent weakness is a rare entry point for this high flier. The stock does report earnings in three weeks, however, and did get clobbered last quarter because it only met, but did not beat, expectations.
Sticking With Starbucks
Cramer told viewers that from now on he's betting with Seattle -- and not just in football. He said many stellar companies are located in Seattle, from Boeing's (BA) huge factories to Amazon.com's (AMZN) and Costco's (COST) headquarters, to Microsoft (MSFT) and, of course, Starbucks (SBUX - Get Report).
Starbucks shares sank in after-hours trading Thursday on what the headlines deemed a "big miss" on earnings. But after listening to the conference call the story was quite different -- sales are picking up in Europe, Chinese sales remained OK, and the first quarter will likely be rosy thanks to huge sales of gift cards last quarter.
But Cramer said Starbucks CEO Howard Schultz remains one of his "bankable 21 CEOs" because of his declaration that a secular shift in consumer behavior has begun, one away from shopping in malls and towards shopping online. That bodes well for Starbucks, which continues to embrace everything digital, mobile and social, as well as diversifying into many new channels with new food items that are making the chain less of a morning-only routine.
In the Lightning Round, Cramer was bullish on Intercontinental Exchange (ICE), Cemex (CX), Boston Scientific (BSX), Eastman Chemical (EMN), World Wrestling Entertainment (WWE), Portfolio Recovery Associates (PRAA) and H&R Block (HRB).
Cramer was bearish on Airgas (ARG).