Click here for an archive of Cramer's "Mad Money" recaps.
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'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 cops to his mistakes, including blown calls on
Dick's Sporting Goods
. 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
, and he was concerned that would be the death knell for the company.
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
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.
Cramer was bullish on
GOL Linhas Aereas Inteligentes
Chicago Mercantile Exchange
Cramer was bearish on
Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by
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 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.