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NEW YORK (
) -- Today could have been called "national lemming day," Jim Cramer told
viewers Wednesday, because analyst after analyst took the plunge and downgraded their favorite stocks.
That was certainly the case with
, a stock Cramer owns for his charitable trust,
Action Alerts PLUS. He said all those analysts holding out hope for a gigantic dividend boost finally gave up and downgraded or cut their targets.
posted good numbers, said Cramer, but that, too, wasn't enough for the analysts, who felt cost-cutting needed to be coupled with revenue growth. That was enough to take down the whole drug sector.
revenue miss took that stock down over 6% in today's trading, taking the rest of the biotech group, including
along for the ride.
The lemmings followed suit in the telco group, with
giving investors an excuse to sell
, among others, while
Procter & Gamble
spurred selling in
A few stocks managed to escape the analysts, Cramer concluded, including
Chipotle Mexican Grill
. But for most stocks, it was a classic tale of follow the leader.
Executive Decision: Andrew Littlefair
In the "Executive Decision" segment, Cramer once again sat down with Andrew Littlefair, president and CEO of
Clean Energy Fuels
, a company leading the charge for the adoption of American natural gas as a surface fuel for trucks and other vehicles.
Littlefair said the dream is finally starting to come into focus for America because the engine makers have finally delivered a 12-liter natural gas engine, which is the one truck makers have been seeking. He said five years ago there were no garbage trucks running on natural gas but today, just one year after a natural gas engine for those trucks was introduced, 63% of all new garbage trucks will be natural gas.
Big companies are also starting to show interest, said Littlefair, with
ordering seven times as many natural gas delivery trucks as it did last year. Meanwhile, manufacturers like Procter & Gamble as asking suppliers to convert 10% of their fleets to natural gas in 2013.
As for the larger picture, Littlefair reminded viewers that if just three million 18-wheelers were to convert to natural gas, that would cut our OPEC oil imports in half. That would not only offer energy independence, he said, but also significantly change the geo-political world we live in.
Cramer said that after years of false promises, it appears natural gas is finally on its way forward, with Clean Energy Fuels at the helm.
Executive Decision: Rick Goings
In his second "Executive Decision" segment, Cramer spoke with Rick Goings, chairman and CEO of
, a company the delivered a five-cents-a-share earnings beat but also lowered its guidance by 10 cents, sending shares lower by 4%. However, shares of Tupperware are up 384% since Cramer first recommended the company in 2006.
Goings touted the company's environmental efforts. He said Tupperware's new water bottles are designed to last a lifetime and replace the 4,000 disposable water bottles the average person will go through in their lifetime. He said Tupperware has always been about reusing and not disposing.
Turning to international sales, Goings said Tupperware has 15 markets that drive the company forward and he's happy with the growth in many of them. He called out Germany as perhaps the biggest source of weakness, but even there Goings sees strength returning in the second half of 2013.
When asked about the company's dividend and share repurchase program, Goings said that in his mind, recent dividend increases are here to stay. He said share repurchases will also remain part of the company's strategy to reward shareholders.
Cramer noted that unlike the hotly contested
, Tupperware has managed to separate its direct selling model and continues to prosper.
In the Lightning Round, Cramer was bullish on
Cramer was bearish on
( FIRE) and
Am I Diversified?
In the "Am I Diversified?" segment, Cramer spoke with callers and responded to tweets sent via Twitter to
to see if investors' portfolios have what it takes for today's markets.
The first portfolio included:
Cramer said this portfolio had too much speculation and needed to sell Cheniere and add an oil stock like
The second portfolio's top holdings included:
( CPNO) and
Cramer advised selling Hatteras and adding a drug company like
No Huddle Offense
In his "No Huddle Offense" segment, Cramer opined on the Apple earnings call and the subsequent wave of analyst downgrades and estimate cuts. He said that while Apple management continued to focus on how their products and pipeline remains the best in the world, the analysts had a different agenda.
Cramer said Apple's problem is that everyone already seems to have an iPhone or an iPad, which leaves a declining market for new sales. He said the analysts are focused on the company's declining gross margins, which is proof positive that Apple is having a tougher time charging the premium it has enjoyed for years.
When it comes down to it, there are simply better stocks to own, ones that offer larger dividend yields and better growth, all without the drama and big declines that Apple shareholders have enjoyed, said Cramer. It may be too late to sell, he concluded, but there aren't a lot of good reasons to own the stock.
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-- Written by Scott Rutt in Washington, D.C.
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At the time of publication, Cramer's Action Alerts PLUS had a position in AAPL, FB, MRK.
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