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TheStreet Open House

Jim Cramer's 'Mad Money' Recap: Playing the Dip for Profit

Cramer credited the late CNBC anchor Mark Haines with finally getting him to appear as a guest host on "Squawk Box," an event which forever cemented Cramer as a fixture on the network. Gone were the days of waiting for tomorrow's newspaper for today's news, he said, CNBC broke stories in realtime.

Cramer said he's proud of what CNBC has accomplished over its first 25 years. He said every day the network aims to teach, educate and hold people accountable. Nowadays, if you're working on Wall Street, you'd get fired for NOT watching CNBC.

Lightning Round

In the Lightning Round, Cramer was bullish on BlackRock (BLK), SunEdison (SUNE), First Solar (FSLR), Paccar (PCAR) and Whole Foods Markets (WFM).

Cramer was bearish on Hologic (HOLX), MannKind (MNKD) and Isis Pharmaceuticals (ISIS).

Executive Decision: Beth Mooney

In his third "Executive Decision" segment, Cramer spoke with Beth Mooney, chairman and CEO of KeyCorp (KEY), which just turned in a two-cents-a-share earnings beat on a 4% rise in loan growth.

Mooney said commercial lending was especially strong in the quarter, up 9%, as Key wins business across the board. She said energy, health care and technology were all big sectors for Key, and the strength was seen across its geographic footprint. Mooney also noted a lot of the natural gas and shale boom is "right in their back yard."

When asked about interest rates, Mooney explained that any rise in rates will be great for banks, but much of Key's success stems from "back to basics" lending that focuses on strong FICO scores and low loan-to-value metrics.

Mooney also touted Key's ability to return capital to shareholders as one of the key reasons investors love their bank.

Cramer reiterated his recommendation of KeyCorp.

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 positions in GOOGL, IBM and WFM.
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