Search Jim Cramer's Mad Money trading recommendations using ourexclusive Mad Money Stock Screener and watch
NEW YORK ( TheStreet) -- "There's money to be made in this panic," a calm and subdued Jim Cramer told the viewers of his "Mad Money" TV show Thursday. He reminded viewers that no one ever made a dime while panicking, and that just because everything is down, it doesn't mean it should be. Cramer acknowledged that big down days like today scare a lot of people, but he challenged them to ask themselves, "Did we deserve to go down today?" He said just as oil shouldn't have traded at $147 a barrel in 2008, only to trade at $38 a barrel just days later, not all stocks today deserved the beating they received.
A Recovery PlayInvestors who owned shares of Botox maker Allergan ( AGN) actually made money today, Cramer said. He spoke with chairman and CEO David Pyott to find out how the company is able to keep roaring higher against seemingly unsurmountable odds. Pyott said that Allergan has weathered the storm very well, thanks in part to strong sales in its eye care business, which accounts for 47% of sales. He said the company has also seen a 18% increase in its dermal filler products. Pyott said when it comes to the company's eye care segment, investors and analysts need to take a step back and look at the real value of what that business delivers. Investors should also consider the company's new eyelash product, LATISSE, which has already generated $74 million in sales and is "another category builder" for the company, said Pyott. When asked about some of the challenges facing the company, such as increased competition and proposed taxes on Botox, Pyott responded by saying that Allergan has successfully competed against its rivals for years, and the competition only has low double-digit market share. He said the proposed tax on Botox was defeated thanks to a last minute, grass roots effort that swelled from their doctor and patient community. Cramer called Allergan the best medical aesthetics company in the business and said the company is a great recovery play.
Riding the Tech BoomCramer interviewed Richard Hill, chairman and CEO of semiconductor equipment maker Novellus ( NVLS), a company at the heart of a new boom in technology. Hill explained that inside every factory that makes chips, you'll find equipment that cleans and etches the wafers, and that's what Novellus makes. He said no factory can make chips without the equipment that they provide. Hill painted a very bullish picture for his industry, saying that he hasn't seen opportunities this good since the 1990s, when semiconductors were being driving by the Internet, Y2K and the proliferation of personal computers. Today, he said, the market drivers are emerging markets, anti-terrorism and gadget loving consumers. Hill dismissed arguments that a slowdown in China will hamper growth. He said while China is working to slow a bubble in their housing market, the Chinese consumers have not stopped loving their electronics. After reporting a 6 cents a share earnings beat and offering bullish guidance, Cramer said Novellus is an integral part of his Mobile Internet Tsunami and he'd be a buyer.
Green InitiativeCramer sat down with Larry O'Donnell, president and CEO of Waste Management ( WM), an unlikely company that's leading the way in green initiatives. Cramer explained that by harnessing the power of natural decomposition at 110 of its landfills, Waste Management is now powering oner 400,000 homes in the U.S. The company also has over 400 collection trucks that are running on clean burning natural gas. O'Donnell said his company has learned that everything they collect has value, whether it be from recycling or energy. He said they're dedicated to making the most out of what they collect. He also said the company's natural gas vehicles work great, save money and run clean. When asked about his appearance on the premier episode of CBS' new show "Undercover Boss," O'Donnell said he learned a great about his workforce. On the show, O'Donnell posed as a low level employee at his own company. O'Donnell said he learned that Waste Management has an incredible workforce, which is why he's not surprised their great ideas have helped the company save $120 million by running more efficiently.
Lightning RoundCramer was bullish on McDonald's ( MCD - Get Report), Citigroup ( C - Get Report), Procter & Gamble ( PG - Get Report) and Windstream ( WIN). He was bearish on Burger King ( BKC), Micros Systems ( MCRS), Allied Irish Banks ( AIB), Campbell Soup ( CPB - Get Report) and Frontier Communications ( FTR - Get Report). -- Written by Scott Rutt in Washington D.C. To watch replays of Cramer's video segments, visit the