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NEW YORK (
) -- "Those who walked out on the markets yesterday were the big losers today," Jim Cramer told his
TV show viewers Thursday. He said that the symphony of stocks sounded a lot better today and that's what a bull market is all about.
Cramer said there were a number of big bull themes at work today, the most important of which was encouraging jobless claims data. Cramer said jobs drive the stock market and creating new jobs is the single most important issue facing the markets right now. "We need more private sector jobs," he said, and any news to that end will send the markets higher.
Cramer also noted that auto sales are another big market theme. After positive sales from
, Cramer said "what's good for GM is good for America." He told investors to forget about the company's earnings for the time being. What matters now is that sales are building.
Cramer's third big market theme, housing. He said the rise in new housing starts is bullish for the entire market, adding more fuel to the fire of the home builders, home improvement plays and construction-oriented sectors.
Finally, Cramer acknowledged that Europe, particularly the continent's successes, is still a major theme for the markets. He said the programs that have been put into place are working, and interest rates and bond yields are falling as a result.
As a final thought, Cramer also added that technology remains strong. He said that while he's worried about
patent issues in China, this stock which he owns for his charitable trust,
Action Alerts PLUS, remains a buy, as does a handful of other new and old tech names.
Gold Mining Play
In the "Executive Decision" segment, Cramer spoke with Chuck Jeannes, president and CEO of
, a gold miner whose stock soared 4.75% today on positive news from the company.
Jeannes said that Goldcorp has had an outstanding quarter and an outstanding year with the company growing earnings by $1 billion. He said that growth has not yet been reflected in Goldcorp's share price, but the company continues to produce gold at a very low cost.
When asked about the gold industry in general, Jeannes explained that gold remains a very rare commodity. He said while demand is increasing, supply is remaining essential flat, sending gold prices higher and higher. "Supply and demand isn't going to change anytime soon," Jeannes noted, saying that demand from emerging markets as well as at central banks around the globe continues to increase.
But while global supply remains contained, things are Goldcorp continue to do well, said Jeannes. He said that Goldcorp's costs have been rising at a rate less than the price of gold itself, leading to higher margins for the company. Goldcorp also has one new mine coming online this year, with another scheduled for 2013 and two Canadian mines coming online in 2014.
Cramer reiterated that he's still bullish on the
SPDR Gold Shares
, but with the global economy heating up, Goldcorp remains his favorite gold mining stock.
China Market Exploding
For his second "Executive Decision" segment, Cramer sat down with David Novak, chairman and CEO of
, an Action Alerts PLUS holding that's exploding in China with same-store sales up 21% in its most recent quarter. Yum now derives 42% of all its sales from China.
Novak talked about leadership, as his new book
Taking People With You
just came out. He said that good leaders make for good businesses and the goal is always to create a work environment that brings out the best in people. "If you want great results, you need to start with great people, which will satisfy customers and make more money," he said.
And that's what Yum! Brands has been doing in China, Novak explained. He said the company has been in China for 25 years now and has a great local team and great managers at its 4,000 Chinese locations as well as great processes and discipline to get the job done right.
Yum! sees China as its No. 1 growth opportunity for the 21st century, said Novak. While the company has 60 locations for every one million people here in the U.S., that number falls to just two locations per one million in the top ten emerging markets. He said all of his management teams understand their respective cultures and work hard to localize their brands for success.
That success doesn't always come however, Novak noted. He admitted mistakes were made when introducing breakfast at Taco Bell, for example. But that's not stopping the company from trying again, he said, this time with new partners and new products the company feels will be a hit with customers.
Turning to the state of affairs here in the U.S., Novak closed by saying that its important for our country to believe in what we're capable of and not listen to the cynics. He said if America makes action plans to make a difference, we can easily achieve it.
Cramer continued his recommendation of Yum! Brands.
Transportation Market Booming
In still another "Executive Decision" segment, Cramer sat down with Pierre Beaudoin, CEO of the Canadian-based
, a maker of both planes and trains. Bombardier currently has a $55 billion backlog of business and the company's new C-Series jets are poised to give
737 a run for their money.
Beaudoin said that he's very excited for 2012, as he's seeing growth in transportation around the world. He explained that Bombardier's business is not adversely impacted by struggling airlines since it sells assets that can be sold anywhere in the world.
In China, for example, Beaudoin said the company has a big high-speed rail business, but aerospace is also a huge opportunity for the company. He said that China will soon represent 20% to 30% of the company's sales. Meanwhile in Europe, Beaudoin noted that Europeans are in love with trains and even with budget problems, those countries continue to invest in rail.
Turning to future projects, Beaudoin discounted the notion of producing natural gas locomotives. "Electric is the future," he said. When asked whether the company will eventually be listed on a U.S. exchange, Beaudoin said that is not a priority at the moment but is on the company's long-term radar.
Cramer told investors they need to learn about this company, as they're becoming a big player in transportation around the world.
Cramer was bullish on
MarkWest Energy Partners
Kodiak Oil & Gas
Cramer was bearish on
In his "No Huddle Offense" segment, Cramer said while consumers bemoan the high price at the pump, some companies are using the once-in-a-lifetime opportunity to make huge amount of money.
Cramer said it was clear after last night's interview that
is drilling like crazy to find more oil. That's why shares tacked on another 4.6% in today's trading after yesterday's big move. Cramer was also bullish on
Magnum Hunter Resources
, another company turning into a "drilling factory," as well as
, which continues to buy up land to drill on.
Cramer also reiterated buys on
, his two favorite oil shale stocks.
Cramer said these fast-growing companies are like the high-growth tech stocks of yesteryear and if Washington gets on-board with the Keystone XL pipeline from Canada, the U.S. could indeed be free of foreign oil from hostile countries.
--Written by Scott Rutt in Washington, D.C.
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At the time of publication, Cramer was long Apple, Yum! Brands.
Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of TheStreet.com 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 TheStreet.com, 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 TheStreet.com is related to the specific opinions expressed by him on "Mad Money."
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