NEW YORK ( TheStreet) -- Jim Cramer broke out the balloons and party hats on his "Mad Money" TV Show Monday to celebrate the one-year anniversary of what he called "the most explosive rally in stock market history." He took a moment to look back at the past year and marvel at just how far the markets have come. Cramer recalled that a year ago, things looked bad, really bad. Unemployment had just hit 8%, and the buzz on Wall Street was that of nationalizing our banking system as stocks continued to slide lower by the day.
A Pivotal MomentOn the heels of Xcel Energy's ( XEL) announcement that it will convert one-third of the company's coal fired power plants in Colorado to clean-burning natural gas, Cramer spoke with Charles Davidson, chairman and CEO of Noble Energy ( NBL), the company that will likely be supplying Xcel with the gas it needs. Davidson said Xcel's deal in Colorado is the beginning of a nationwide trend to move our power generation away from dirty coal plants and into natural gas. He said the word is finally starting to get out that natural gas is here, it's abundant, it's clean and it's priced right. Davidson said there is still much work to be done, but he sees an encouraging future for natural gas. He said the incentive is there to become energy independent and environmentally friendly, while creating jobs for Americans.
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Hot ShoesFootwear is hot, Cramer told viewers. That's why he reiterated his buy on Decker's ( DECK) last week, and why he said investors need to go pick up some Sketchers USA ( SKX) as well. Sketchers last reported earnings a 58 cents a share. Not a monster beat, said Cramer, but still a solid 6-cent-a-share upside surprise on strong sales, and not simply cost cutting efforts. The company saw same-store sales up a whopping 17.4% in its forth quarter and it's also aggressively managing its inventory. Sketches saw a 14.2% drop in overall inventory in 2009, which has led to more Sketchers being sold at full price. Cramer also liked Sketchers' expansion efforts. The company is set to open 25 to 30 new stores in 2010, and expand into Brazil, India and China. Sketchers also has exciting new products, including its Shape-Up and Tone-Up lines of shoes that are designed to improve posture and facilitate weight loss. Shares of Sketchers are up 474% since its 2009 lows, but still trades at just 11 times its 2011 earnings. Cramer said this may be one case where investors need to buy high, and sell even higher. He said that backing out the company's $6 a share in cash, Sketchers actually trades at just nine times earnings, despite its 15% long-term growth rate.
Eureka MomentIn his "Eureka Moment" segment, Cramer said he just realized that the federal government's portfolio of companies is surprisingly similar to the holdings of famed investor Warren Buffet. He said that while Buffet owns a Chinese auto maker, the government owns stakes in both GM and Chrysler. While Buffet owns insurance giant Geico, the government owns both AIG ( AIG) and a stake in Met Life ( MET). Cramer said the similarities don't stop there. Buffet owns many housing related stocks, while the government owns Freddie Mac ( FRE), Fannie Mae ( FNM) and a stake in Citigroup ( C), which is a large mortgage lender. Cramer said the only difference between Buffet and the government is that Buffet is building his portfolio, while the government is divesting theirs. He said the government's holdings are proving to be worth a lot more than once believed, and are not selling at the fire sale prices many pundits once thought.
Lightning RoundCramer was bullish on Cisco Systems ( CSCO), Ariba ( ARBA), F5 Networks ( FFIV), Visa ( V), Gafisa ( GFA), Fuel Systems Solutions ( FSYS), Citigroup ( C) and Apple ( AAPL). He was bearish on Hershey Foods ( HSY), Allied Irish Banks ( AIB) and Motorola ( MOT).
Closing CommentsCramer said that Nordic American Tanker ( NAT) should see a big dividend boost soon, and he thinks the company is a buy. -- Written by Scott Rutt in Washington D.C. To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.