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Even with the markets ending slightly lower, Cramer declared today a victory for the bulls because things could've been a whole lot worse. There still is no strength from the transports, a sector that makes for a key component of any sustainable rally, and the biotechs continue to fall, albeit at a slower pace than the past few days. Then there was Sandisk (SNDK) , a company Cramer warned was losing customers. Shares of Sandisk tanked 18%.
But those negatives were tempered by a host of positives, mainly positive loan data out of Europe, and a continued strengthening of employment here at home. Even oil was able to continue its rise thanks to Middle East uncertainty.
That macro data was also coupled with some positive individual stock stories, such as RedHat (RHT) - Get Red Hat, Inc. Report, up 10%, Accenture (ACN) - Get Accenture Plc Class A Report, up over 6%, and Lululemon Athletica (LULU) - Get Lululemon Athletica Inc Report, which delivered a better-than-expected quarter and a strong forecast to boot.
Executive Decision: David Aldrich
For his "Executive Decision" segment, Cramer sat down with David Aldrich, chairman and CEO of Skyworks Solutions (SWKS) - Get Skyworks Solutions, Inc. Report, a stock that's up over 800% since Cramer first recommended the stock in July 2009.
Aldrich said that with the Internet of Things expected to reach over 70 billion devices, the future is all about connectivity, connecting all those devices to the network, whether it's via Wi-Fi, cellular or other wireless technology. That's why Skyworks chips are in everything from thermostats and gaming consoles to routers, cars and just about every cell phone currently being made.
Aldrich explained that with the latest 4G technology, communications chips have gotten extremely complicated with more and more features, and that means fewer and few companies can deliver. That's why Skyworks now has the lion's share of the smartphone market.
When asked about growth potential, Aldrich pointed out that 4G deployment in China has only just begun. As the rollout continues, it means not only more chips being sold but also higher margins on every one of them.
Finally, when asked about consolidation in the chip industry, Aldrich said it's a good thing as fewer companies means fewer but also better competitors.
A New World
Welcome to the new world, Cramer told viewers, one where the oil market is no longer beholden to Saudi Arabia.
The oil market just isn't like it used to be, Cramer continued, as the possibility of an attack on Saudi Arabia from rebels in Yemen was met with a yawn, sending oil futures only slightly higher.
In years past, even the slightest unrest in the Middle East would send oil prices sharply higher, but today even a threat on Saudi Arabia's 10 million barrels of oil a day doesn't seem to matter.
While it's true that the U.S. is producing more oil than it has since 1985, it's also true that we still import seven million barrels a day, one million of which comes directly from Saudi Arabia thanks to long-term contracts with U.S. refiners.
But with weak oil demand continuing in Europe and other oil producers like Mexico and Venezuela picking up the slack, the Middle East is clearly playing less of a role than it used to.
Check Out American Tower
Investors looking to cash in on the connectivity revolution don't need to look at just the wireless chipmakers, they should also consider the wireless tower stocks. Cramer's favorite among the group remains American Tower (AMT) - Get American Tower Corporation Report, a stock that trades at just 17 times earnings with a 1.8% yield and is a full 10 points off its 52-week high.
The wireless tower market in the U.S. remains a happy oligopoly with only three players. These players enjoy little competition as the barriers to building a new wireless tower in our country are sizable. But with both Sprint (S) - Get SentinelOne, Inc. Class A Report and T-Mobile (TMUS) - Get T-Mobile US, Inc. Report competing feverishly to build out their networks and woo new customers, it's never been a better time to be a wireless tower operator.
Each wireless tower can support between nine to 12 antenna arrays, which leads to 90% incremental margins for existing towers adding more antennas to support our increasingly wireless lifestyles. Additionally, American Tower converted itself into a real estate investment trust in 2012, affording investors more consistent growth and earnings.
Shares of American Tower are up over 200% since Cramer first got behind the company in 2009 and he sees no signs of them slowing down given the growth potential here in the U.S. and overseas.
In the Lightning Round, Cramer was bullish on Marriott International (MAR) - Get Marriott International, Inc. Class A Report, Halliburton (HAL) - Get Halliburton Company Report and Cisco Systems (CSCO) - Get Cisco Systems, Inc. Report.
Cramer was bearish on Dynavax Technologies (DVAX) - Get Dynavax Technologies Corporation Report, Hyatt Hotels (H) - Get Hyatt Hotels Corporation Class A Report, Keryx Biopharmaceutical (KERX) - Get Keryx Biopharmaceuticals, Inc. Report, Himax Technologies (HIMX) - Get Himax Technologies Inc. Report, GrubHub (GRUB) - Get Grubhub, Inc. Report and GoPro (GPRO) - Get GoPro, Inc. Class A Report.
Executive Decision: Michael Carroll
In his second "Executive Decision" segment, Cramer sat down with Michael Carroll, CEO of Brixmor Properties (BRX) - Get Brixmor Property Group, Inc. Report, a REIT with 521 shopping centers, 71% of which are anchored by grocery stores.
Carroll explained that Brixmor focuses on necessities like food, value and discount, which makes 92% of its tenants immune to ecommerce competition. It also provides the company with consistent, non-seasonal earnings.
Carroll said Brixmor is also being helped by a lack of new shopping center supply as retailers focus on making their existing stores better rather than building new ones.
Brixmor has been able to consistently raise rents when older leases have expired. The company now has 14 consecutive quarters of increased revenue.
Cramer admitted that he was not familiar with Brixmor before tonight, but now that he is he likes what he sees.
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At the time of publication, Cramer's Action Alerts PLUS had a position in CSCO.