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NEW YORK (

TheStreet

) -- "Everyone and everything is better without Bin Laden," Jim Cramer told the viewers of his "Mad Money" TV show, as he opined on how the day's news will likely affect the stock market. Cramer says that the news that Osama Bin Laden has been killed at the hands of the American military is welcomed news for the markets, and while the averages may not have reflected that in today's action, the long-term effects will be clear.

Today's news provides answers for a number of "what if" questions, said Cramer, such as, what if Americans start to feel better about the economy? He said that would certainly boost consumer confidence and the bottom lines of many American companies. Higher consumer confidence is always a positive precursor for upcoming quarterly results.

What if Bin Laden's demise provides a way out of Afghanistan? Cramer said with Bin Laden gone, America could hasten it's retreat from Afghanistan and stop a huge drain on our nation's pocket book.

What if the tactics used in Pakistan could be applied to Libya? Cramer said if America can find and kill Bin Laden, it should most certainly be able to put a swift end to the troubles in Libya that have been wreaking havoc on the oil markets.

What if the rising consumer confidence also spills over into investments? Cramer said if Americans are feeling really good, they'll not only shop more, but will also be more interested in investing as well.

Cramer said rising consumer sentiment is always hard to quantify, but in the long run, today's news along with a slowing Chinese economy can only help propel the bull market. He said some companies are already breaking out to the upside, companies like

3M

(MMM) - Get Report

,

Amazon.com

(AMZN) - Get Report

and

United Technologies

. Cramer said he's also more bullish on

General Mills

(GIS) - Get Report

,

Kimberly-Clark

(KMB) - Get Report

and

Procter & Gamble

(PG) - Get Report

.

Executive Decision

In the "Executive Decision" segment, Cramer spoke with David Crane, president and CEO of

NRG Energy

(NRG) - Get Report

, a stock that's up 21% since Cramer last spoke with Crane on Feb. 22.

Crane says that NRG's stock is up in part because the company dropped its plans for a new nuclear facility, which has added more certainty for investors. He says NRG is now focused on solar and other renewable power sources.

When asked about solar energy in particular, Crane said that solar is well on its way toward "grid parity," or a price per megawatt generated that's on par with coal and natural gas. He said mandates like in California, which provide for 33% of the state's energy come from renewable sources by 2025, is pushing the industry forward.

Also helping the transition toward a more eco-friendly future is the fact that the average age for a power facility in the U.S. is 37 years, meaning a lot of older facilities must be replaced or refurbished.

When asked about energy independence for America, Crane said all it would take is 100 million electric cars on the road and America wouldn't have to import a drop of oil. He said the main barrier to that happening at the moment is the limited availability of electric vehicles.

Cramer said he's still a fan of NRG's forward-thinking energy portfolio and continued to recommend the stock.

Apple Trumps Tech Titans

"It's not too late to buy Apple," Cramer told viewers, as he took another look at the landscape of the smart phone marketplace.

Cramer said that

Apple

(AAPL) - Get Report

, a stock which he owns for his charitable trust,

Action Alerts PLUS, is still way too cheap, given the company's blowout quarter, where it increased profits by an unheard of 94%. He said investors seemed confused about Apple, given that the overall tech sector has been floundering, but that shouldn't be the case. Cramer said, to see how well Apple is really going, one only need to look at the competition.

"The age of the Blackberry is gone," declared Cramer, as he looked under the hood at

Research In Motion

(RIMM)

. He said after slashing quarterly guidance, management for some reason left full-year guidance the same. "I'm not buying it," Cramer said pointedly, called Research In Motion a value trap with a deteriorating business model.

While Blackberry used to be the only smart phone that did email well, Cramer said the market is now concerned with Web browsing and apps, something the Blackberry is severely lacking. With almost half of the company's profits coming from fees related to email, Cramer said Research In Motion is in serious danger.

The same goes for Apple rival

Nokia

(NOK) - Get Report

, said Cramer. Nokia's global smart phone market share has plummeted from 40.9% to just 26.2% as the company struggles to compete with Apple. For comparison, while Apple only accounts for 4.9% of the global smart phone market, it generates over 50% of the industry's profits.

Cramer said Apple is no longer just a consumer play, with the company's iPhone and iPad making serious inroads into the enterprise. Backing out Apple's huge cash reserves, the company still trades at just 12 times earnings, just a hair above Nokia's share price of 11.4 times earnings.

"Nokia and Research In Motion are only getting cheaper," concluded Cramer, but Apple still has a lot of room to run.

Homework and Mad Mail

In his "Homework" segment, Cramer followed up on some stocks that stumped him on earlier shows.

Cramer said that

Web.com

(WWWW)

is an intriguing speculation but is too hot to handle, having risen 85% year to date to 15 times earnings despite its 12% growth rate. Cramer had similar comments for

Swisher Hygiene

(SWSH)

, another speculative stock that's trading at 20 times sales.

In the "Mad Mail" viewer feedback segment, Cramer told a viewer that

Cliffs Natural Resources

(CLF) - Get Report

is a buy. He also recommended

Walter Energy

(WLT)

.

When asked about

Global Specialty Metals

(GSM) - Get Report

, Cramer said he'd wait and see what the company announces at its next earnings release. He advised staying away from

Oclaro

(OCLR) - Get Report

, instead favoring

JDS Uniphase

(JDSU)

.

No Huddle Offense

In his "No Huddle Offense" segment, Cramer said there are two ways to value a stock, what the market will pay and what other companies will pay. He said given the slew of recent takeover bids, the markets are simply too cheap, based on what other companies flush with cash are willing to pay.

Whether it's coal, drugs, food or apparel, buys are out there and the entire market should be trading at a premium to where it is now. Any weakness on global economic data should be seen as a buying opportunity.

Lightning Round

In the Lightning Round, Cramer was bullish on

Kohlberg Kravis Roberts

(KKR) - Get Report

.

Cramer was bearish on

Citigroup

(C) - Get Report

and

American Capital Strategies

(ACAS)

.

--Written by Scott Rutt in Washington, D.C.

To contact the writer of this article, click here:

Scott Rutt

.

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http://twitter.com/scottrutt

.

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tips@thestreet.com

.

To watch replays of Cramer's video segments, visit the Mad Money page on CNBC

.

Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by

clicking here

.

For more of Cramer's insights during the Lightning Round, clickhere

.

At the time of publication, Cramer was long Apple.

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."

None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, TheStreet.com 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 TheStreet.com, 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 TheStreet.com. 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 TheStreet.com, 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.