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) -- On the 10-year anniversary of


(GOOGL) - Get Report

initial public offering, Jim Cramer told his

Mad Money

TV show viewers that he's still a strong supporter of the company and its stock.

It's hard to believe that Google came public at a split-adjusted price of just $42.50 a share. But it's even harder to understand why so many analysts and investors have under-estimated Google and what it's truly capable of doing. Cramer called the perpetual pessimism surrounding Google a "failure of imagination" that has persisted for the entire decade the company has been public.

Whether it was competition from Yahoo! (YHOO) or Microsoft (MSFT) - Get Report , the inexperience of Google's founders or fears of a second dot-com bubble, Cramer said the skeptics have been wrong about Google at every turn.

But Cramer said he's always been a fan of Google, which is why the company is one of the largest positions in his charitable trust, Action Alerts PLUS. With the company's percentage of the advertising market still growing, he continues to be a steadfast supporter, saying Google's stock is still cheap versus the earnings estimates looking forward.

Buying Retail

In an amazing turnaround from just last week, Cramer said the decline in the retail stocks may indeed be over thanks to a monster day of earnings that has reinvigorated the group.

Cramer said he was worried about Home Depot (HD) - Get Report going into the quarter, but admitted the company has gotten its mojo back after a weak spring. It turns out the bulls in Home Depot were too conservative and this stock has more room to run.

The same for Urban Outfitters (URBN) - Get Report , which ended the quarter with not only strong sales but also low inventories, news that caused analysts to reiterate their buy recommendations.

Even lowly TJX Companies (TJX) - Get Report was able to get its shares rallying 8.6% on the day thanks to a 2% rise in same-store sales. Cramer said this stock is also not done going higher.

Still other earnings surprises included Costco (COST) - Get Report , a stock on which Cramer said he had gotten too negative, and Dick's Sporting Goods (DKS) - Get Report , which continues to take market share from its rivals.

Cramer said all of these upside surprises only goes to show how Wal-Mart (WMT) - Get Report and Target (TGT) - Get Report are losing share and are no longer the bellwether stocks to gauge the retail sectors.

Off the Charts

In the "Off The Charts" segment, Cramer went head to head with colleague Bob Lang over the charts of airline stocks with crude oil prices continuing to decline.

Lang first looked at the daily chart of Delta Airlines (DAL) - Get Report , noting that the stock hit a low in early June and retested that low a month later. But since then the stock have been gaining steam, breaking above its 50-day moving average with the MACD indicating a bullish crossover.

The chart of American Airlines (AAL) - Get Report showed a similar pattern, with a pullback from the spring rally, then a recent bullish crossover. Lang felt American also had room to move higher, but with a ceiling of resistance just $2 above current levels this was his least favorite in the group.

Two other airlines never saw a summer decline: Southwest Airlines (LUV) - Get Report and Spirit Airlines (SAVE) - Get Report . Lang noted both these stocks had only gentle pullbacks to their 50-day moving averages, which held, then rallied back to higher levels. Lang suggested waiting for the next dips in either of these two stocks, with Spirit being his favorite.

Finally, there was Hawaiian Airlines (HA) - Get Report , which saw a big summer decline but has since been rallying hard. With both the MACD and the relative strength indicator strong, Lang and Cramer both liked this stock for speculation.

Booming WPX

Continuing with his "Behind the Boom" series looking into the American oil and gas revolution, Cramer featured WPX Energy (WPX) - Get Report , a stock that just hit a new 52-week high, by talking to its president and CEO, Rick Muncrief.

Muncrief said that he's very exciting about WPX's acreage in the Bakken shale, which has been one of the main drivers that has helped his company achieve a lofty 57% increase in oil revenue growth during their most recent quarter. He said WPX has been heavily weighted in natural gas, thanks to strong assets in the Marcellus and Utica shales, but thanks to diversification in the Bakken, oil is also coming on strong.

When asked about the American oil and gas renaissance, Muncrief said that everyone has underestimated out country's potential. He said the Bakken now produces over one million barrels a day of oil, a number that's "staggering" given the region's fairly short history.

Cramer said this gem of a company is being run by a great executive.

Lightning Round

In the Lightning Round, Cramer was bullish on St Jude Medical (STJ) , EOG Resources (EOG) - Get Report , First Solar (FSLR) - Get Report , Sherwin-Williams (SHW) - Get Report , Verizon (VZ) - Get Report and Pepsico (PEP) - Get Report .

Cramer was bearish on Golar LNG (GLNG) - Get Report , Fuelcell Energy (FCEL) - Get Report , Chimera Investment (CIM) - Get Report and Dr Pepper Snapple (DPS) .

Behind the Boom: John Schiller

In his second "Behind the Boom" segment, Cramer checked in with John Schiller Jr., chairman and CEO of Energy XXI (EXXI) , a stock that's down 37% for the year, despite Cramer recommending the stock earlier this year.

Schiller said Energy XXI is doing a lot to fix their communications with Wall Street so that there are no surprises going forward. He said now that his company's acquisitions are complete, they will be focusing on execution, drilling one good well after another, to get production levels back to where they need to be.

Schiller continued that Energy XXI has a number of short term issues that are hampering production. For example, the company drilled a few wells that are currently only producing natural gas, he said, but those gas caps will be bled off soon and the oil will come. In other areas, Energy XXI just doesn't have the infrastructure needed to transport the oil they are producing to market.

Cramer said that with many of their problems moving behind them, he's still a fan of this 3% yielding stock.

To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.

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-- Written by Scott Rutt in Washington, D.C.

To email Scott about this article, click here: Scott Rutt

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At the time of publication, Cramer's Action Alerts PLUS had a position in GOOGL.