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NEW YORK (
) -- "This market has more ways to win than I've ever seen in my life," an upbeat Jim Cramer told the viewers of his
TV show Thursday. He likened today's stock market to a casino where the house always lets you win.
Cramer said while it's true that the
is back at levels not seen since the fall of 2000, today's market is not the market of yesteryear. He said that back then, investors were rabid for overvalued companies that turned out to be worthless. But today, the markets are being driven by worldwide growth coupled with a weak dollar that allows companies to repatriate their global earnings at terrific exchange rates.
So what are some of the ways to win in this market? Cramer said investors can start with earnings. He said
has become a worldwide snacking machine that's delivering great earnings, while railroad
has been on fire as Chinese imports rise.
Investors can also win with takeovers, said Cramer. There's the
( CEG) and
deals, and those are just the ones announced today.
Cramer said the HMOs are also on fire as of late, with the group rallying on strong earnings from
, a stock which Cramer owns for his charitable trust,
Action Alerts PLUS.
Cramer said even stocks that screwed up big, like
, are quickly forgiven in this market. Those that aren't forgiven, like
Research In Motion
( RIMM), aren't worth investors' attention, he concluded.
In the "Executive Decision" segment, Cramer once again sat down with Rick Goings, CEO of
, a stock that's up 19% since Cramer last spoke with Goings just one month ago. Tupperware derives 57% of its sales from emerging markets and its direct selling business model has been on fire as U.S. unemployment remains high.
Goings said Tupperware is "taking the high ground," expanding its brand away from just storage containers and into new product categories such as their Quick Chef manual food processors. He said this new product, which doesn't require electricity, is a big hit in India and also in France and Indonesia, where a whole generation of women are experiencing cooking for the first time.
Goings also characterized Russia as a "tough business," for Tupperware, saying that the economy there is difficult, but the company remains committed to growth in that country.
Tupperware is also working with the U.S. military to help empower women around the world and help bring stability to troubled regions. Goings said women has tremendous influence and power, and Tupperware is helping to show them success sometimes for the first time. He said while 80% of women don't believe ads, they do believe the recommendations of their friends, which is why Tupperware's direct selling model is so valuable.
When asked about the company's planned use for its spare cash, Goings said that Tupperware is has both increased its dividend and is also increasing the size of its stock repurchase program.
Cramer continued his recommendation of Tupperware, saying the company is a great growth stock.
Succeeding Without iPhones
In a second "Executive Decision" segment, Cramer spoke again with Dan Hesse, CEO of
, a company that delivered better-than-expected quarterly results even without carrying
iPhone. Apple is another Action Alerts stock.
Hesse said that Sprint has a solid quarter and both the company's prepaid and postpaid segments did extremely well. He said whether customers are looking for save money or find a phone that lets them talk a lot, use a lot of data, Sprint has everything from feature phones to the newest 4G phones for its customers.
Hesse also noted that Sprint has had 13 consecutive quarters of improving customer satisfaction and the company's churn rate, the number of customers its losing to competitors, is also trending lower. Hesse said of all the metrics, churn is most important, as wireless carriers spend a lot to acquire new customers and can only recoup that investment if the customer stays on the network.
When asked whether disappointing results from Research In Motion would affect Sprint, Hesse explained that while it's a very competitive market for device markets, the push and pull of market share doesn't directly affect the carriers.
When asked about something that would affect Sprint, mainly the proposed merger between rivals
and T-Mobile, Hesse said that Sprint still opposes the merger and supports a strong competitive market where 80% is not controlled by just two players.
Cramer said he continues to be a believer in Sprint, citing the company's strong results in an increasingly difficult market as proof positive in the company's strategy for the future.
In a third "Executive Decision" segment, Cramer spoke with Richard Kinder, chairman and CEO of
Kinder Morgan Energy Partners
, a company that's returned 77%, including dividends, since Cramer first recommended the company on April 2, 2007. Kinder Morgan currently yields 5.9%.
Kinder said that on the toll road that is Kinder Morgan, "the cars are moving well," with all five of the company's business units performing better than planned.
Kinder also explained the difference between Kinder Morgan Energy Partners, KMP, and its recent IPO of
Kinder Morgan, Inc
. He said that KMI offers a lower yield with higher growth, while KMP remains the higher yielder with slower growth.
When asked about the red hot Bakken and Eagleford shale regions of the U.S., Kinder said that his company is adding capacity in both areas and is working to better utilize the resources that already exist.
He said the price differential between West Texas Intermediate (WTI) crude and other crude prices is widened as capacity and storage is increasingly constrained. Kinder Morgan is working to increase storage capacity by one million barrels and is also moving oil and gas to other markets where it can be priced at higher levels.
Finally, when asked whether the U.S. would ever become an exporter of natural gas, Kinder noted that many long-term agreements and trends would have to come into fruition, but if they did, Kinder Morgan would be a big beneficiary.
Cramer continued his support for Kinder Morgan Energy Partners, saying that every portfolio needs a high-yielding growth stock like Kinder
Cramer was bullish on
Cramer said he cringed at the news that
Bank of America
plans to increase penalties on credit card customers who miss payments. He said the banks need to take a lesson from the health care companies, and lay low until they're solidly out of Washington's crosshairs.
Cramer said that the expected head of Obama's new consumer financial protection agency, Elizabeth Warren, has declared war on any financial institution that aims to hurt consumers, and Bank of America's announcement could have come at a worse time. Cramer said banks need to simply accept lower levels of profitability for the foreseeable future, and let Washington cool down before even thinking of raising fees.
Cramer noted that while
and Research In Motion reported disappointing earnings, both are older technology companies and are much less relevant than they once were.
--Written by Scott Rutt in Washington, D.C.
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At the time of publication, Cramer was long Wellpoint.
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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