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NEW YORK (
) -- It's time to look at this market as a glass half full, Jim Cramer said on
Monday. Cramer outlined a number of what he called silver linings in this quarter's earnings that the naysayers seem to be largely ignoring.
The current trend toward negativity is nothing new, Cramer said. He recounted the months that followed the market crash in 1987. Back then, he noted, every rally was met with skepticism and today's market is no different. But just as it was wrong to give up and go home in 1988, it would be equally foolish to give up today.
The markets still operate on the law of supply and demand, Cramer reminded viewers, which is why now that many of the sellers are drying up, even the laggards are seeing their stocks rally. That's certainly the case with
, said Cramer, as that company's stock barely flinched after yet another disappointing quarter. The same pattern was seen in
, three stocks that are all trending higher even after lackluster earnings.
The naysayers in
have been shaken out, as have most of those betting against
and others, noted Cramer. That's why investors should pay attention to these silver linings, but they simply don't happen in a bear market.
Executive Decision: Irwin Simon
In the "Executive Decision" segment, Cramer sat down with Irwin Simon, chairman, president and CEO of
, the healthy and organic food company whose shares are up 48% in 2013.
Simon said Hain will be providing nearly 1.5 million organic turkeys this Thanksgiving, a sign consumers are on top of what they're eating and want a great-tasting bird while showing concern for both animal welfare and the environment.
Simon also responded to recent criticisms about his company's cash flow, saying Hain has been able to grow organically in the high single digits and that's far better than any other food company. He said despite that high growth, Hain is still able to make money and pay down its debt at the same time. Hain was built on great acquisitions, Simon continued, and he has no plans to change that direction.
Continuing on the topic of healthy eating and changing consumer tastes, Simon proclaimed consumers are no longer satisfied with soup in a can or with sugary sodas. "Soda is going away" in favor of healthy drinks and organic juices, while soups are moving out of the can and into pouches and bowls.
Cramer said he's not concerned about Hain's cash flow and continues to think both Hain, and Simon, are winners for investors.
Executive Decision: James Hughes
For his second "Executive Decision" segment, Cramer sat down with James Hughes, CEO of
, the best-of-breed solar panel maker that's seen its shares pop 54% in just the past three months.
Hughes admitted that with so much negativity surrounding the solar industry, rebuilding credibility with investors will take time. But that's exactly what First Solar has been doing, he added, executing on its plan one quarter at a time and winning back investors one by one.
When asked about the state of solar efficiency, Hughes said First Solar's panels are currently producing power at a rate of 59 cents per watt, which already makes it competitive with fossil fuels in some areas of the world. That rate will continue to fall, he said, which will make solar more competitive in more and more places in the comping year. First Solar's current road map calls for 40 cents per watt in the next few years.
Overall, Hughes predicted a full 5% of the world's energy could be produced by solar over the next five to 10 years and companies like First Solar continue to innovate and drive costs lower and lower. While some high-profile solar failures have been in the news, Hughes said there are far more successes in his industries than failures.
Hughes drew a distinction between First Solar and newcomer
, noting that Solar City focuses on residential rooftop installations where First Solar concentrates on large utility-scale solar power plants. He said his global sales force is gaining traction in many areas of the world and there's a lot of growth ahead for First Solar.
Cramer agreed, saying that after a few years of skidding the solar industry may once again be in growth mode.
In the Lightning Round, Cramer was bullish on
Magnum Hunter Resources
Cramer was bearish on
Digital Realty Trust
Executive Decision: Mark Bristow
In his third "Executive Decision" segment, Cramer spoke with Mark Bristow, CEO of
, the gold miner that beat the estimates, increasing production higher than expected while at the same time lowering its costs.
Bristow credited Randgold's success today with investments made over the past five years, noting that all of its future successes will ride on the investments made today as Randgold continues to position itself for future growth. He said while some mining companies build their business on the premise that gold prices will always be rising, Randgold is built to make money at any price over $1,000 an ounce.
Randgold is also a major factor in growing the local economies on the countries in which it operates, Bristow explained. He said in the Congo, Randgold could contribute as much as 12% of that country's GDP over the coming years. In order to created value, Bristow said companies have to invest in their own mines. You cannot create value by buying up existing mines at inflated prices.
Cramer said he still likes gold as a part of a balanced portfolio and among the gold miners, Randgold is among the best.
No Huddle Offense
In his "No Huddle Offense" segment, Cramer answered the question, "Why hasn't the price of crude fallen more?".
Cramer said while it's true more oil entering the market from Iran will put pressure on the price of crude, the fact remains that there's insatiable worldwide demand for oil. Even with Iraq and the U.S. pumping at record levels, that demand just isn't being met. Cramer told viewers to ignore the West Texas benchmark, as there are still too many bottlenecks to getting U.S. crude to where it needs to be. Instead, he said, Brent crude remains the only benchmark that matters.
The move in names like
is not over, Cramer continued, as he told viewers not to sell domestic oil names like
, a stock he owns for his charitable trust,
Action Alerts PLUS, along with
This latest weakness will cause analysts to downgrade, Cramer concluded, and that's the opportunity to buy.
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-- Written by Scott Rutt in Washington, D.C.
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At the time of publication, Cramer's Action Alerts PLUS had a position in NBL.
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