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NEW YORK (
) -- "There's nothing more gratifying than pin action," Jim Cramer told the viewers of his "Mad Money" TV show Tuesday.
He said that when a single stock has blowout earnings, and that stock takes the whole sector higher, that's pin action. "The pins were flying all over the place today," he said.
Cramer said the pin action in technology came from cell-phone chipmaker
, whose sales were so strong the company had to revise its earnings estimates by almost double.
On the heels of that news, the entire technology sector went flying, said Cramer. Everything from
rose on the news.
Cramer said there was also pin action in the appliance sector, with
( JCG), a stock he featured a few nights ago, leading the charge.
In retail, stocks such as
Polo Ralph Lauren
( JCG) and
, a stock which Cramer owns for his charitable trust,
Action Alerts PLUS, all headed higher.
And there was other pin action as well. Cramer said the agriculture stocks are giving investors something to build on. Even the drug companies, once gripped with fears of health care reforms, are now participating in the market's strength.
Cramer said the only "gutter balls" in the market where the regional banks and the money center banks, but even those, he said, should recover. But among all of the sectors with great pin action today, Cramer said technology remains the strongest, and his favorite.
In the "Executive Decision" segment, Cramer once again welcomed Martin Franklin, chairman and CEO of
, to the show to discuss that company's outlook ahead of the holiday season. Franklin last appeared on "Mad Money" on Nov. 2, and the shares of his company have risen 6.7% since then.
Cramer said when visiting his local
, he calculated that Jarden products had 46% of the shelf space for small appliances. "How can one company be so dominant?" he asked. Franklin attributed his company's success to its many strong brands.
He said that while consumers may not know the Jarden brand, they know brands like Crock-Pot, Oster, and Sunbeam. On the flip side, Jarden has become a household name among retailers, said Franklin, "and that's all that matters."
Asked why Jarden's products are in such demand this holiday season, Franklin said that his company's products are all about the home, value and entertaining, and since people are doing more at home, his company's products are well positioned.
While Franklin stopped short of making any earnings announcements on the show, he did say that 2010 is shaping up to be "a pretty good year." Cramer continued to recommend the stock.
In the "Off The Charts" segment, Cramer went head to head with colleague L.A. Little over the chart of
Little found the monthly chart of J. Crew since 2007 worrisome, noting that the stock's rally off its lows has not been on expanding volume. Looking at a weekly chart however, Little noted volume spikes at every rally, a bullish sign. His conclusion was that the stock could pull back to $38 a share, but longer term, he feels the stock could break through $45 a share and head to $50.
Cramer agreed with Little's analysis, saying that based on the fundamentals, J. Crew is a great company with a great stock. The company recently reported a blowout quarter, with same-tore sales up 8% and inventory lower by 10% versus last year.
Cramer also noted J. Crew's intangible attributes, including CEO Mickey Drexler, who has become a powerhouse at the company, as well as the positive press the company received when the First Family was photographed wearing their clothing. Cramer said J. Crew has become a fashion leader, something that's hard to put a price tag on.
Agreeing with Little's analysis, Cramer said that while he likes J. Crew at its current price, he would like it even more if the stock retreated to $38 a share. He advised buying in stages, buying half a position now and waiting for a pullback to buy the remainder.
Cramer told a viewer that he would not be a buyer of
Service Corp International
ahead of a change in estate tax laws in 2010.
Cramer said he's also not a fan of
Abercrombie & Fitch
( JCG) in the retail space.
Cramer did reiterate a buy on
( TKLC), saying he's a believer in long-term outlook for the company.
Cramer was bullish on
Cloud Peak Energy
Philip Morris International
Cramer was bearish on
-- Written by Scott Rutt in Washington D.C.
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At the time of publication, Cramer was long VF Corp and Altria.
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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