Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener.
Cramer said that first, American Airlines (AAL) posted a beautiful quarter, thanks in part to lower fuel prices. Then Caterpillar (CAT) followed suit with a true upside surprise that no one saw coming.
Must Read: 10 Stocks George Soros Is BuyingCelgene (CELG) helped lift the biotech sector with encouraging results from multiple drugs in its pipeline, sending shares up 5.9%. Cramer said Diamond Offshore (DO) helped do the same for the oil patch, showing surprising strength. Meanwhile, over in the industrials sector, 3M (MMM) proved that the global markets maybe aren't as weak as many think. Other winners on the day included O'Reilly Automotive (ORLY) , which posted gigantic same-store sales, and Parker-Hannifin (PH) , which announced a gigantic stock buyback and a dividend boost that sent shares up a quick 6.6%. Rounding out Cramer's top 10 were ServiceNOW (NOW) , the cloud IT services company that rallied 11%; Union Pacific (UNP) , up a nice 5%; and Tractor Supply (TSCO) , another bright spot in the retail world, up 15.8%.
Executive Decision: John ChisholmFor his "Executive Decision" segment, Cramer sat down with John Chisholm, chairman, president and CEO of Flotek Industries (FTK) , a company helping oil and gas producers get more out of every well they drill. Flotek just delivered a 2-cents-a-share earnings beat on a 19% rise in revenue. Chisholm said that Flotek is first and foremost a technology company, with patented technology that helps the oil business. He explained that Flotek's complex nano fluid is now using a citrus component, of all things, to help more oil flow through horizontal wells. On average, drillers can expect a 20% increase in their well production by using Flotek's materials. Whether oil is at $105 a barrel or $85 a barrel, Chisholm said oil companies benefit from using Flotek. He said the goal is to maximize production at every well and that's exactly that Flotek does. When asked whether there is still more oil shale to be discovered in the U.S., Chisholm gave an enthusiastic "absolutely." He noted there are still major finds left in California and other states, but currently the known shale fields are getting all of the attention. Cramer said that most people still don't realize how important America's oil and gas renaissance has become or that American technology, like Flotek's, is what's powering it. Must Read: Stocks Are Back but IPO Market Hasn't Recovered From Recent Selloff
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts