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NEW YORK (
) -- The machines were back in charge today, Jim Cramer said on
Wednesday. Yes, program trading was once again ignoring all the good news in our economy and focusing instead on all the bad, Cramer said. But that's great news for all those individual investors who may have missed the bottom.
Cramer explained that oil shedding another $2 a barrel, sinking to its lowest level since 2012, is great news for consumers, but for big money managers, it signals that the global economy is stalling and stocks are in trouble.
But despite the fact that our stock market is made up thousands of individual companies, some of which are actually doing quite well, these same fund managers tell their machines to sell, sell, sell the whole market using exchange-traded funds and other baskets of stocks.
So while some oil stocks are taking on too much risk given oil's continued slide, Cramer said the fact remains that cheap oil is a big win for airlines, restaurants and retail stocks, along with anyone who uses large amounts of commodities or ships things great distances.
Cramer said he'd circle back to winners like Honeywell (HON) - Get Honeywell International Inc. (HON) Report or Dow Chemical (DOW) - Get Dow, Inc. Report , a stock which Cramer owns for his charitable trust, Action Alerts PLUS. Cramer also gave the nod to some of the better oil stocks, like EOG Resources (EOG) - Get EOG Resources, Inc. (EOG) Report , which should be finding its bottom soon.
Sometimes the market gets it wrong, Cramer reminded viewers, which is why investors should never trust the market to do the right thing. That was certainly the case today as Cramer highlighted just a few cases of what he deemed "moronic trading."
First up: Chipotle Mexican Grill (CMG) - Get Chipotle Mexican Grill, Inc. Report , a company that delivered a mind-blowing 19.8% increase in same-store sales but saw its stock plummet throughout the day as investors fretted over the company's tepid forecasts. Really? Cramer said Chipotle would be nuts not to guide expectations lower. No one can keep growing at 19%.
Cramer said Chipotle's only problem remains that it's too popular and can't get people through the line fast enough. Don't blink, he concluded, just buy it.
Then there's Boeing (BA) - Get Boeing Company Report , another stock that beat the estimates, but after a brief rally in the pre-market it sold off through the day. Cramer said this stock remains a buy under $120 a share.
Leave Marissa Alone!
"Enough is enough," Cramer told viewers as he took on all the haters lashing out at Yahoo! (YHOO) CEO Marissa Mayer.
When Mayer took the reigns at Yahoo! in July 2012, shares traded at $15. Today, they trade at $42. That's a 180% gain in two years. Coca-Cola? They were trading at $39 in 2012 and a remarkable $40 today.
Coca-Cola remains a company that's lost its way, Cramer continued, seemingly with no plans for getting itself out of the slow growth corner it backed itself into. The only thing it has going for it are investments in Monster Beverage (MNST) - Get Monster Beverage Corporation (MNST) Report and Keurig Green Mountain (GMCR) .
Then there's Yahoo!, where Mayer has fixed relations with Alibaba (BABA) - Get Alibaba Group Holding Ltd. Sponsored ADR Report , making a killing on that company's initial public offering while still retaining over 120 million shares that have seen appreciated by 40%. Mayer has also bought back over 293 million shares of Yahoo! at significantly lower prices, another terrific investment.
Yet, despite all these prudent moves to reinvent itself and bolster its war chest, the media continues to slam Mayer for "not doing enough." Meanwhile, that same media seem poised to give Kent at Coca-Cola the "congressional medal of soda."
Executive Decision: Richard Kinder
For his "Executive Decision" segment, Cramer spoke with Richard Kinder, co-founder, chairman and CEO of Kinder Morgan (KMI) - Get Kinder Morgan Inc (KMI) Report , the oil and gas pipeline operator that made waves a few months ago by announcing it was buying back all of its subsidiaries.
Kinder said his target for closing the acquisitions of his subsidiaries remains Thanksgiving of this year and he's confident that all of the regulatory approvals will be in place by that date.
When asked about the volatility in Kinder Morgan's stock, Kinder said that we're living in a volatile market, but investors will come to realize over time that his company is not as subject to the price of the commodities as are some pipeline operators.
Finally, when asked about the tumbling price of oil, Kinder said his company has solid, long-term contracts with oil and gas producers. In the end, more infrastructure will be needed to meet even lowered production growth in our country. Many producers, he noted, can make money even if prices go notably lower than they are today.
Cramer continued his recommendation of the new Kinder Morgan.
In the Lightning Round, Cramer was bullish on Celgene (CELG) - Get Celgene Corporation Report , General Electric (GE) - Get General Electric Company (GE) Report and Apache (APA) - Get Apache Corporation Report .
Cramer was bearish on SandRidge Energy (SD) - Get SandRidge Energy, Inc. Report , Kite Pharma (KITE) , Emerge Energy Services (EMES) - Get Emerge Energy Services LP Report , Arbor Realty Trust (ABR) - Get Arbor Realty Trust, Inc. Report , Babcock & Wilcox (BWC) , Chesapeake Energy (CHK) - Get Chesapeake Energy Corporation Report , Ellington Financial (EFC) - Get Ellington Financial Inc. Report , Silver Wheaton (SLW) and Amgen (AMGN) - Get Amgen Inc. Report .
Executive Decision: Rick Goings
In his second "Executive Decision" segment, Cramer down with Rick Goings, chairman and CEO of Tupperware (TUP) - Get Tupperware Brands Corporation Report , a company that just delivered a 1-cent-a-share earnings miss. Shares of Tupperware are down 33% so far in 2014.
Goings said the Tupperware story remains all about empowering women. He said Tupperware has three million women around the globe as the company's salesforce and many of those women are in emerging markets and don't work outside the home.
While many companies are complaining about weakness in emerging markets, Goings said Tupperware is seeing double-digit growth in Indonesia, Brazil and China. There are areas where his company is struggling, Goings admitted, but there are special circumstances in places like Russia and India that will be resolved over the long term.
When asked whether the 4% dividend is safe, Goings said absolutely. This is not the first time Tupperware has seen tough times. He said things like exchanges rates going against them will eventually rectify.
Cramer said he still likes Tupperware's dividend and told investors to do some homework on the stock.
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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 AAPL, DOW, GOOGL and KMI.