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Jim Cramer's 'Mad Money' Recap: Unsafe at Any Price

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NEW YORK (TheStreet) -- What happens when safety is no longer safe? That was the question Jim Cramer posited to his Mad Money viewers Thursday. Cramer said the averages may not show it but the markets were again in turmoil because big money managers are once again shifting direction.

Throughout much of 2013, the momentum stocks were all the rage, Cramer reminded viewers, but all that changed in February when the momentum slowed and money managers fled en masse, leading to huge declines of 30% or more for any fast-growing company.

Those managers fled to safety stocks, stocks that offered decent growth along with dividends and sometimes even slight upticks in their share prices.

For the momentum stocks, the pattern was clear: report your earnings, see a brief pop in your share price, followed by a vicious decline. That was until today when Yelp (YELP) reported and saw actually strength in its shares.

Why the sudden change? Cramer said it's because Yelp shares have already fallen from $101 to $55 a share, making them a good value. With the flood of new IPOs finally subsiding, money managers are once again willing to roll the dice on the likes of Netflix (NFLX) and Workday (WDAY). At the same time, they're now fleeing Clorox (CLX) and Hershey (HSY).

Executive Decision: Patrick Doyle

For his "Executive Decision" segment, Cramer sat down with Patrick Doyle, president and CEO of Domino's Pizza (DPZ - Get Report), a stock that trades at 22 times earnings with a 15% growth rate.

Doyle admitted that Domino's did see a rise in some commodity prices this quarter, which took a bite out of earnings. He said the harsh winter was great for ordering pizza but it also stressed the cows, which led to a sharp spike in the price of dairy products. Pork, he said, also saw higher prices that were not expected.

But even with a ding to earnings, Doyle painted a positive picture of Domino's. He said the company's new iPad application has been received very well by customers and allows them to build their pizzas with high def, 3D graphics that are amazing.

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