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"Exogenous events don't impact earnings. They don't do anything but cause a buyable panic," said Jim Cramer on his

"RealMoney" radio show Monday.

As examples, Cramer cited the doubling -- even tripling -- of heating costs, the dramatic decline in home values, the war in Iraq and the doubling of gas prices.

But "the consumer may very well be going through the healthiest month of spending -- to the point where it's shocking how good it is," Cramer said, adding that consumers are victims of "serial killing" by short-sellers and the media.

Cramer said he went to

Kohl's

(KSS) - Get Kohl's Corporation Report

and

Target

(TGT) - Get Target Corporation Report

over the weekend, and both stores were so crowded that he was "fighting the line."

Cramer said he also got turned away from

The Olive Garden

(DRI) - Get Darden Restaurants, Inc. Report

because it was so packed. "

Nordstrom

TheStreet Recommends

(JWN) - Get Nordstrom, Inc. Report

is hitting the cover off the ball," he added.

"If consumer spending is so dead," why would it be this way? Cramer asked. "Permanently pessimistic pundits ought to accept the market's judgments for once," he said.

Image placeholder title

Google Won't Get Hurt

"Don't stocks go down when they decide to make acquisitions?" Cramer asked.

"Only

Google

(GOOG) - Get Alphabet Inc. Class C Report

can buy

YouTube

and not get hurt," he said. Besides Google, "any other company would risk demolishing its own stock" Cramer said.

With a ton of pages, YouTube is an exciting site with something to entertain yourself every single day, he said, adding, "For me, I've got about seven minutes to be entertained each day."

Yahoo!

, which Cramer owns for his charitable trust,

Action Alerts PLUS, may have been able to buy the company, but now says it can't pull it off because it doesn't seem like its management is involved or engaged.

With "a change in management there, they probably could have bought YouTube."

Companies such as

CBS

(CBS) - Get CBS Corporation Class B Report

and

Viacom

(VIA.B)

couldn't do it because "none of their sites have the infrastructure or the traffic to drive people," Cramer said.

Also, Google is "not embarrassed at buying a younger person's company for big money because Google is a young company with big money," he said.

Cramer's Callers

Anyone who's used

Adobe Systems

(ADBE) - Get Adobe Inc. Report

products knows that it's one of the classic companies that they need," Cramer told a caller.

"There's a lot of sophisticated new stuff" the company is coming up with, and it's "just now beginning a stream of absolutely terrific new products" that will contribute to earnings going forward, Cramer said.

Cramer believes that Adobe is undervalued and that the stock is still cheap. He expects it to continue to move higher than the $37.73 the company is trading at midday Monday.

Cramer was also positive on

Scientific Games

(SGMS) - Get Scientific Games Corporation Report

because it's the leading online lottery company in the world.

Cramer told another caller who said he's in the "house of pain" after shorting

Research In Motion

( RIMM) that he wouldn't be surprised if the stock added 20 points.

Cramer would own the stock even at its 52-week high of almost $113.

At the time of publication, Cramer was long Yahoo!.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for

Action Alerts PLUS. Listen to Cramer's RealMoney Radio show on your computer; just click

here. Watch Cramer on "Mad Money" at 6 p.m. ET weeknights on CNBC. Click

here to order Cramer's latest book, "Real Money: Sane Investing in an Insane World," click

here to get his second book, "You Got Screwed!" and click

here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by

clicking here.

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