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) -- In retail, execution is everything, Jim Cramer said on

"Mad Money"

Tuesday. Cramer said today's retail earnings proved that when you have the right items in the right packaging and at the right price, even the most beaten-down of retailers has a fighting chance to get back up swinging.

Turnarounds happen all the time in the sports world, said Cramer, but when

Best Buy

(BBY) - Get Free Report

got a new CEO last year, no one cared. That was until today's surprise earnings that sent shares soaring by 13%.

It was a similar story at

Urban Outfitters

(URBN) - Get Free Report

, whose new management team has spent the last 18 months revamping that ailing retailer, sending its stock up over 100% -- with an 8% move just today on strong 9% growth in same-store sales.

And then there's

J.C. Penney

(JCP) - Get Free Report

, the retailer that just a few months ago was in a terminal tailspin. But since then, thanks to strong promotions, private-label sales and a new housewares department, the back-to-school season is strong at Penney; more importantly, the company has enough cash to make it through the holidays.

Cramer said that even with interest rates rising and home sales slowing, he still wants in at

Home Depot

(HD) - Get Free Report

, because he knows that management team knows how to execute. He said all of these companies offered no excuses and no alibis -- they just provided results.

Betting on Casinos

There's a battle brewing in Las Vegas among the casino operators, Cramer told viewers.

Las Vegas Sands

(LVS) - Get Free Report

offered up some sharp words for rivals

MGM Resorts

(MGM) - Get Free Report


Caesars Resorts

(CZR) - Get Free Report

, two companies Sands accuses of deeply discounting rooms to pay off their enormous debts.

But with shares of Las Vegas Sands up only 23% for the year, compared to 48% and 156% for MGM and Caesars, respectively, isn't Sands the one with the problem?

Cramer said that while Sands is now more of a China story, with over half its revenue coming from overseas, MGM and Caesars are the true Vegas high rollers. While Caesars is indeed on shaky ground and with large debts to repay, MGM has made real progress with its balance sheet and is poised to even turn a profit in 2014. The company now earns nearly $3 in casino and entertainment revenue for every $1 a guest spends on the room, Cramer noted, which makes it a wise decision to discount those rooms.

So who's right? Cramer said both sides are. He blessed owning Sands, along with

Wynn Resorts

(WYNN) - Get Free Report

, for any investor who feels China is on the rebound, but also MGM for investors betting on a big turn in Las Vegas.

Quaffing With Cramer

For the next installment of his "Cramer's Cookout" series, Cramer set his sights on the bull market in beer. Yes, that's right -- beer shipments are up 3.8% in the most recent quarter. That's great news for the king of beers,

Anheuser-Busch InBev

(BUD) - Get Free Report

, along with rivals

Boston Beer

(SAM) - Get Free Report


Molson Coors Brewing

(TAP) - Get Free Report

and spirits maker


(DEO) - Get Free Report


Cramer said while Anheuser is the world's largest brewer, the company reported a mixed bag last quarter, with a 3.9% rise in revenue but also a 12-cents-a-share earnings miss. Despite the miss, however, shares did not plummet because Anheuser still has a lot of synergies to gain from its Corona acquisition, along with growth to be had from Europe and China as those economies recover.

Boston Beer has seen its shares soar this year, and also posted a honest beat on its last conference call. But Cramer warned shares are now fully valued at 34 times earnings with a 15% growth rate. He said it's time to ring the register. Molson Coors is also not overly attractive, said Cramer, as it offers slower growth and fewer catalysts than Anheuser.

Cramer remains a fan of Diageo, as that company derives 40% of its sales from emerging markets and another 20% from Europe, leaving this company with huge opportunities ahead.

So when it comes to beer, Cramer told viewers to stick with Anheuser-Busch, and if they're looking for something a little spicier, go with Diageo.

Lightning Round

In the Lightning Round, Cramer was bullish on

Vodafone Group

(VOD) - Get Free Report



(KR) - Get Free Report


Cramer was bearish on

Micron Technology

(MU) - Get Free Report



(RENN) - Get Free Report



(EPZM) - Get Free Report


Off the Charts

In the "Off The Charts" segment, Cramer went head to head with colleague Dan Fitzpatrick over the direction of markets. According to Fitzpatrick, the markets may be done rallying for the year and are likely to trade sideways until 2014.

Using a daily chart of the

S&P 500

, Fitzpatrick noted the average's uptrend resistance line has been acting as a ceiling since November. With every rally that ceiling was tested, until most recently.

Conversely, the S&P's 50-day moving average has served as a floor of support, also being retested with every downturn, until most recently. Since June 20, Fitzpatrick noted, the S&P not only failed to stay above its floor, but the subsequent rally also failed to retest its ceiling.

Additionally, Fitzpatrick noted the MACD is signaling a bearish crossover; the last time that happened, the S&P moved sharply lower. Combine these facts with a breakdown in the relationship with interest rates and Fitzpatrick felt the markets have huge hurdles to overcome.

Cramer said he agrees with Fitzpatrick's assessment of the state of affairs but he also feels that if any inputs change, as in interest rates going lower or China and Europe heading still higher, the markets could still stage a year-end rally.

No Huddle Offense

In his "No Huddle Offense" segment, Cramer opined on the stocks of

Tesla Motors

(TSLA) - Get Free Report


(AMZN) - Get Free Report



(NFLX) - Get Free Report

, three "cult" names that he said will keep going higher as long as cult members continue to love them.

Cramer said all three of these companies' valuations make no sense whatsoever, but people just keep buying them as they're the hottest products and services around. They simply defy logic, he said -- but as long as those products and services continue to wow consumers, the sky's the limit, as the shares have already proven.

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:

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At the time of publication, Cramer's Action Alerts PLUS had no position in stocks mentioned.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for, Inc., and CNBC, and a director and co-founder of All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of or its affiliates, or CNBC, NBC Universal or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or is related to the specific opinions expressed by him on "Mad Money."

None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, or CNBC that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the program. Mr. Cramer's past results are not necessarily indicative of future performance. Neither Mr. Cramer, nor, nor CNBC guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the program. The strategy or investments discussed may fluctuate in price or value and you may get back less than you invested. Before acting on any information contained in the program, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

Some of the stocks mentioned by Mr. Cramer on "Mad Money" are held in Mr. Cramer's Action Alerts PLUS Portfolio. When that is the case, appropriate disclosure is made on the program and in the "Mad Money" recap available on The Action Alerts PLUS Portfolio contains all of Mr. Cramer's personal investments in publicly-traded equity securities only, and does not include any mutual fund holdings or other institutionally managed assets, private equity investments, or his holdings in, Inc. Since March 2005, the Action Alerts PLUS Portfolio has been held by a Trust, the realized profits from which have been pledged to charity. Mr. Cramer retains full investment discretion with respect to all securities contained in the Trust. Mr. Cramer is subject to certain trading restrictions, and must hold all securities in the Action Alerts PLUS Portfolio for at least one month, and is not permitted to buy or sell any security he has spoken about on television or on his radio program for five days following the broadcast.