NEW YORK ( TheStreet) -- "How the markets can rise above the doom and gloom and give us great days like today," Jim Cramer asked the viewers of his "Mad Money" TV show Thursday. The answer: leadership. Cramer said he's celebrating CEOs, the men and women who run great multi-national companies that continue to reinvent themselves and generate profits for their shareholders. Cramer said there's a long list of great companies that are profiting from constant innovation, companies like 3M ( MMM), which has long left its "Minnesota Mining" roots and now derives a full one-third of its profits from products that didn't exist three years ago. Then there are companies like Caterpillar ( CAT), said Cramer. Caterpillar transformed itself from a domestic tractor maker to the international leader in construction machinery. And the list continues, said Cramer, from companies like UPS ( UPS), a stock which he owns for his charitable trust,
Sell Block"When a company you own gets a takeover bid, you sell," Cramer told viewers at the beginning of his Thursday "Sell Block" segment. But he said sometimes there are exceptions to the rule. Take Quest Communications ( Q), a stock which Cramer last recommended on March 16 and which is up 16% since that call. On April 22, Quest received a takeover bid from CenturyLink ( CTL). Cramer said based on current prices, Quest shares will top out at $5.91 a share when the deal closes, making its upside limited. "Quest is a sell, said Cramer, as he recommended AT&T ( T) and Vodaphone ( VOD), two stocks with more profits and higher growth. The exception to the "sell-on-takeovers" rule is Airgas ( ARG), said Cramer, a company in a hostile fight with Air Products ( APD). Airgas rejected Air Products latest bid just yesterday, after the company delivered its second best quarterly results ever on margins that are near record levels. Cramer said Airgas has a history of creating value, and Airgas could trade as high as $80 a share, just on its own merits. He advised shareholders to vote against the merger. In other Sell Block news, Cramer told shareholders that the 16-point drop in Netflix ( NFLX) was an overreaction, and he would not sell the stock. "The story is still intact," he said. The quarter was good, but not good enough. And finally, following up on two IPOs from last week, Cramer said Greendot ( GDOT) got the big spike he forecast, but now is the time to ring the register. And Ameresco ( AMRC), he said, jumped pm;u 2.5% on its IPO, as predicted, but the company is still a keeper.
Realistic TalksIn the "Executive Decision" segment, Cramer once again spoke with Dan DiMicco, chairman and CEO of Nucor ( NUE), a stock which Cramer owns for his charitable trust,