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Jim Cramer's 'Mad Money' Recap: A Monster of an August

CSI: Cramer, the Sequel

For the second installment of "Cramer's Stock Investigation," or CSI, Cramer investigated five retail stocks that appear to have been the victims of a market hit-and-run.

Cramer said that DSW (DSW) saw its shares hammered 28% in a single day back in May when the company missed earnings. Since then the company and its shares have been making a comeback, capped off by this week's strong earnings announcement. This stock should never have been sold, Cramer concluded.

Then there's Sears Holdings (SHLD) , a stock without a pulse for many years. Even after divesting assets and closing stores Sears is still seeing sales and revenue declines. Cramer said this stock has too many problems and investors need to stay far away.

Lands' End (LE) , on the other hand, is a survivor, Cramer noted. Now that the company is free from Sears, he thinks the stock is a buy at just 15 times earnings.

Must Read: Warren Buffett’s Latest Whopper of a Yield Deal

Speaking of survivors, Cramer called the turnaround at Abercrombie & Fitch (ANF) "remarkable" and said this stock also should never have been sold in the first place.

Finally, Cramer said Ann (ANN) , formerly Ann Taylor, is benefiting from activist investors, which has prompted the company to consider selling itself to unlock value. Even without a sale, Cramer said this company has lots of options and could be worth $55 a share.

Executive Decision: Susan Salka

For his "Executive Decision" segment, Cramer sat down with Susan Salka, president and CEO of health care staffing company AMN Healthcare (AHS - Get Report) , a stock that's gained 15% since Cramer last checked in back in November.

Salka said now that hospitals have some clarity on what the Affordable Care Act will mean for them, staffing levels are returning to normal but still with strong growth that is projected to continue. She said demand is up across the board across all clients and all regions of the country.

When asked what's driving the demand for health care professionals, Salka said the growing economy, an aging population and the wave of newly insured patients are all contributing to the need for more doctors and nurses. She said among the retiring baby boomers are a lot of retiring health care workers, and we're just not replacing them fast enough.

Cramer said these are all the reasons why he likes AMN and continues to recommend the stock.

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