NEW YORK ( TheStreet) -- "The train is leaving the station and you can't wait any longer," Jim Cramer told the viewers of his "Mad Money" TV show Thursday. He said that the time to buy Apple ( AAPL), a stock which he owns for his charitable trust,
Respectable YearIn the "Executive Decision" segment, Cramer spoke with Sandy Cutler, chairman and CEO of Eaton ( ETN), which Cramer last recommended on July 20. Since then, shares of Eaton have rallied 46%, and are just one point off their 52-week highs. Cutler said Eaton had a very respectable year, despite terrible end markets. He said the company has established positive momentum and the best news for the company is still ahead of them. Culter said that unlike most companies, Eaton did not cut its research and development spending during the recession, and the company will now have solutions ready for the mega trend of energy-saving electrical products for its customers. Eaton, he said, will also benefit from its lower cost structure and increased penetration in emerging markets. When asked about the company's visibility and ability to predict future sales, Cutler said the markets have changed dramatically. He said Eaton has gone from only being able to predict a few weeks of future sales to predicting trends in 2012 and beyond. Cramer said candidly that investors should not sell Eaton. "It's going higher," he concluded.
Sell BlockCramer said it's time to sell Transocean ( RIG), and swap into Weatherford ( WFT), another Action Alerts Plus name. Transocean recently reported a miserable quarter, missing earnings by a whopping 35 cents a share. The company's failure to control costs has Cramer puzzled, as the oil services sector is on fire with record demand and consolidation. "Don't take your queues from weaker players," Cramer told viewers, adding they should stick with the winners. Cramer said Weatherford is the way to play the boom in oil services. The company is the fourth largest oil services company in the world and the king of directional drilling, the method used in the oil shale fields as well as in other difficult-to- extract areas. Cramer said Weatherford is tapped into all of the major themes happening around the world, with only 31% of its sales coming from North America, 27% from the Middle East and 24% from Latin America. Management expects the company to grow at three times the industry average, as Weatherford's technology helps companies all over the world replace aging assets with new, higher yielding wells, he said.
Big Pin ActionInvestors looking to make some money on the pin action of both Altera ( ALTR) and Marvell Technology's ( MRVL) earnings results need to consider rival Xilinx ( XLNX), Cramer told viewers. Xilinx is up a solid 35% on his Mar 17 recommendation of Xilinx, and up 23% since it was added to his mobile Internet index on Aug. 11. The stock is trading right at its 52-week high, but Cramer said Xilinx has a lot of room to run. Xilinx is clearly benefiting from the smart phone revolution, where phones once thought as luxuries and toys have now become necessities. The company expects to grow between 8% and 12% for the next few years and pays a 2.4% dividend to boot. With Xilinx management stating that six of its 10 major business segments haven't even hit their 2008 levels yet, Cramer said Xilinx is one of the most inexpensive stocks he follows.
Lightning RoundCramer was bullish on TiVo ( TIVO), Celera ( CRA), Devon Energy ( DVN) and Warner Chilcott ( WCRX). He was bearish on Sequenom ( SQNM), Force Protection ( FRPT) and United States Natural Gas ( UNG). -- Written by Scott Rutt in Washington D.C. To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.