Cramer's 'Mad Money' Recap for July 23 - TheStreet

Click here for an archive of Cramer's "Mad Money" recaps.

People better start caring about

General Electric

(GE) - Get Report

, Jim Cramer told viewers of his "Mad Money" TV show Wednesday.

He argued that while the company's share fells along with the financial sector, it has not rebounded in recent days, leaving it a prime buying opportunity.

Cramer cited an article is this weekend's

BusinessWeek

, which called into focus GE's exposure to the financial sector.

Cramer, though, said GE is not just a financial. Unlike the financials, GE, with many other businesses, actually made money this quarter, beating Wall Street's expectations, he said.

Furthermore, Cramer noted that the company has plans to sell of its under-performing consumer and industrial segment. The remaining segments, such as its infrastructure division, should all perform well in the coming year.

Cramer said infrastructure companies like

Fluor

(FLR) - Get Report

,

Jacobs Engineering

(JEC) - Get Report

and

ABB

(ABB) - Get Report

, are up 36%, 24% and 15% respectively year over year, while GE is down 28% over the same period.

Cramer said he also liked GE's wind power business and sees its healthcare segments as an additional driver of growth for the company. He also noted the company's international exposure, which accounts for 50% of the company's sales, and 20% of its sales in emerging markets are further positives for the stock. Cramer also likes the company's 4.5% dividend yield.

But perhaps GE's strongest case, said Cramer, is its recent plans to partner with Abu Dhabi's Mubadala sovereign wealth fund. "The deal can be looked at as almost a second stock buyback program," said Cramer, who noted that the fund's 10% stake in GE could be worth as much as $3.4 billion worth of stock.

Cramer: Still Shopping at Costco

var config = new Array(); config<BRACKET>"videoId"</BRACKET> = 1659871031; config<BRACKET>"playerTag"</BRACKET> = "TSCM Embedded Video Player"; config<BRACKET>"autoStart"</BRACKET> = false; config<BRACKET>"preloadBackColor"</BRACKET> = "#FFFFFF"; config<BRACKET>"useOverlayMenu"</BRACKET> = "false"; config<BRACKET>"width"</BRACKET> = 265; config<BRACKET>"height"</BRACKET> = 255; config<BRACKET>"playerId"</BRACKET> = 1243645856; createExperience(config, 8);

Bottom line: Cramer said there is an incredible opportunity here for investors to buy GE now, after it has been taken down with financial stocks and hasn't rallied back.

Happier Days

"Happier days could be here again," Cramer told viewers. He pondered what would happen if gas and grain prices fell and home price depreciation finally stopped.

Image placeholder title

Cramer said

Panera Bread

(PNRA)

, a stock which fell more than $2 a share today after reporting better than expected earnings, is a good example of a company that would benefit from that scenario.

"I think Panera has the ability to be the next big thing," said Cramer. Panera, he said, is increasing service, is cutting labor costs, has expanded margins and is offering a healthy menu. He talked with Panera's co-founder, chairman and CEO, Ron Shaich, to find out how all of this was possible in such a difficult environment.

Shaich said he sees a positive things in Panera's future and doesn't extrapolate anything from weakness in the last three weeks of the quarter. He said that lower gas and grain prices are both positives for Panera. He also said that by focusing on the business, the company has been able to decease wait times while increasing gross margins.

Shaich said the company sees a lot of growth to come as it carries out its strategy of becoming an alternative to traditional restaurants.

Am I Diversified?

Cramer spoke with callers to see if their portfolios have what it takes. The first caller's portfolio included

Altria

(MO) - Get Report

,

Dow Chemical

(DOW) - Get Report

,

Alcoa

(AA) - Get Report

,

Excelon

(EXC) - Get Report

and

McDonald's

(MCD) - Get Report

.

Cramer called this batch of stocks truly a great portfolio. He noted that he owns both Altria and McDonalds for his charitable trust

Action Alerts PLUS.

The second caller's top holdings included

IBM

(IBM) - Get Report

,

Johnson & Johnson

(JNJ) - Get Report

,

Bristol Myers-Squibb

(BMY) - Get Report

,

Coca-Cola

(KO) - Get Report

and

Colgate-Palmolive

(CL) - Get Report

.

Cramer noted that Bristol Meyers and Johnson & Johnson are too similar. He recommended trading Bristol in favor of an oil or financial company.

The third caller had

GrafTech

(GTI)

,

Merck

(MRK) - Get Report

,

CVRD

(RIO) - Get Report

,

Halliburton

(HAL) - Get Report

and

JP Morgan

(JPM) - Get Report

as their top five stocks.

Cramer said he'd sell GrafTech in favor of an industrial company like General Electric.

Mad Mail

In this segment, Cramer told a viewer that while he now believes the merger between

Sirius Satellite

(SIRI) - Get Report

and

XM Satellite

( XMSR) will get done, with the additional financing needed, he's not a fan of the common stock. He recommended Sirius as a speculative stock only.

Cramer told a second viewer he's a buyer of

XTO Energy

( XTO) given its recent retreat.

Image placeholder title

Lightning Round

Cramer was bullish on

Sims Group

(SMS)

,

Research In Motion

( RIMM),

Google

(GOOG) - Get Report

,

Amazon.com

(AMZN) - Get Report

,

EnerSys

(ENS) - Get Report

,

CIGNA

(CI) - Get Report

and

SBA Communications

(SBAC) - Get Report

.

He was bearish on

TiVo

(TIVO) - Get Report

,

eBay

(EBAY) - Get Report

,

Cardiome Pharma

(CRME)

,

Fuelcell Energy

(FCEL) - Get Report

,

Ford Motor

(F) - Get Report

,

Microsoft

(MSFT) - Get Report

and

Nighthawk Radiology

( NHWK).

Want more Cramer? Check out Jim's rules and commandments for investing by

clicking here

.

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

.

At the time of publication, Cramer was long on Altria and McDonald's.

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.