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Jim Cramer told "Mad Money" viewers Tuesday that it's virtually impossible for airlines to succeed amid such high fuel prices.

But there is one airline play that Cramer says merits attention lately, and that's the Brazilian company

GOL Linhas Aereas Inteligentes

(GOL) - Get Free Report


GOL's services include passenger, cargo and charter services, and while the company's accelerated revenue growth looks good, he said there needs to be a lot more to the story to compel him to recommend an airline stock.

He pointed out that Brazil's largest airline,


, is "tearing itself apart." Varig, which controls 19% of Brazil's domestic routes and 70% of all international flights in and out of the country, is in huge financial trouble, he said.

Every day, the company burns through fuel and runs up losses, but Cramer doesn't believe the Brazilian government will bail it out. Instead, it will have to sell off planes, fire employees and shut down routes, he said.

And in this case, only two other national airlines can step up to the plate, he said. GOL is one of them.

Even at $71 a barrel for crude, he believes GOL will see upside as it takes up the slack from Varig, and that now is the time to take a look at this airline play.

Cramer Culpa

Cramer cops to his mistakes, including blown calls on

Dick's Sporting Goods

(DKS) - Get Free Report

. And he said that his previous bearish call on


( ARDI) was a mistake, too.

Cramer said he was looking at the company's past earnings, which have been volatile, when he made his original call. But after some consideration, he said he likes the maker of mobile resource management. The company makes GPS systems and has a subscription service that allows companies to keep track of their employees when they are on the road.

Cramer was unhappy that @Road lost a deal with


(VZ) - Get Free Report

, and he was concerned that would be the death knell for the company.



(ETN) - Get Free Report

just reported stellar earnings, and the company cited @Road as a reason for its great quarter.

Cramer believes @Road could be in the midst of a great business, because it allows employers to keep tabs on employees in the field and have a better understanding of their work ethic and habits.

Herb Not a True Believer



columnist Herb Greenberg told Cramer he would steer clear of

True Religion Apparel


, in part because he believes there could be something wrong with its business in Japan.

Greenberg said that in recent filings, the company disclosed it shipped more product to its Japanese distributor in the third quarter than could possibly be sold.

"Something doesn't smell right," Greenberg said, noting that its growth in Japan seems off.

Cramer said he would "steer clear" of the stock until this is cleared up.

Cramer played "Break the Analyst," taking on an analyst from UBS who had a sell recommendation on


( WPSC).

He called the company "the worst house in a great neighborhood," referring to the fact that the steel sector is on fire. However, Wheeling-Pittsburgh hasn't neared its 52-week high.

He took a look at the analyst's past calls on the stock, which included neutral recommendations in February, when the stock was at $14.50, and in March, when the stock hit $17.

When the stock hit $20, he said it was downgraded to sell.

Cramer said the stock has been a buy since February, and that now at $22 and change, it's still a buy as the steel sector moves higher.

There are two reasons for his call. The first is the fact that the company's earnings will look robust because its comparisons to last year will be easy to beat, he said.

He also said that with so many mergers in the steel sector, it's safe to assume that nearly every company could be bought.

Lightning Round

Cramer was bullish on

Cisco Systems

(CSCO) - Get Free Report



(CIEN) - Get Free Report



(FNSR) - Get Free Report





GOL Linhas Aereas Inteligentes

(GOL) - Get Free Report



(FDX) - Get Free Report



(UPS) - Get Free Report


Whole Foods

( WFMI),


(PEP) - Get Free Report


Hansen Natural

( HANS),


(NOK) - Get Free Report





JLG Industries

( JLG),


(TEX) - Get Free Report


Chicago Mercantile Exchange

(CME) - Get Free Report



(MO) - Get Free Report


Image placeholder title

Cramer was bearish on

Redback Networks

( RBAK),


( ABXA),

Wild Oats

( OATS),

Martha Stewart




(KO) - Get Free Report



(DELL) - Get Free Report



(INTC) - Get Free Report



(SIFY) - Get Free Report


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, click here


At the time of publication, Cramer was long Altria and Yahoo!.

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."

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