Cramer's 'Mad Money' Recap: A Broader View of the Market (Final)

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NEW YORK ( TheStreet) -- "It's the end of the world as we know it," or so said the bears at the crux of today's decline, Jim Cramer told the viewers of his "Mad Money" Tuesday. Yet somehow, he noted the inverse never seems to be true during the big rallies.

Cramer said the the important takeaway from today's trading were the Federal Reserve's comments that it's essentially getting out of the way of companies trying to make money. He said the Fed is giving companies the room they need to invest and grow, to refinance and get stronger.

So why the violent market swings from negative to "less" negative? Cramer said it all depends on perspective.

For many investors, and pundits alike, when they think about the market, they think about the U.S. Yet as UPS ( UPS) noted on their conference call, 96% of all consumers live outside the U.S. UPS is seeing strong growth overseas, but little growth in its U.S. small or midsize business customers.

That begs the question, does the U.S. really matter to big international companies like Ford ( F), Caterpillar ( CAT) or Chevron ( CVX)? In a word, no.

Cramer said these companies are not being held captive by an ailing U.S., they're seizing opportunities in the rest of the world. He said too many investors are worried about only the U.S. markets, which makes them lose focus.

"Start thinking about "we" as the rest of the world," said Cramer, and your portfolio will reward you.

Gold Shines

In an exclusive "Executive Decision" segment, Cramer sat down with Sean Boyd, CEO of Agnico-Eagle Mines ( AEM), a stock which Cramer last recommended on April 29.

Boyd said that now is the "perfect environment" for gold, with strong demand and low real interest rates. He said with gold only off 5% from its all-time high, he expects prices for the commodity to rise sharply as we enter the historically bullish late summer and early fall period.

When asked about the longer term outlook for gold miners, Boyd said that gold is a tough business to be in since they're always fighting mother nature. He said all of the easy gold deposits have already been found, so finding gold is always getting more and more difficult.

When asked more specifically about Agnico-Eagle, Boyd said that his company has always been about and ensuring its dividend payments. He said while unit costs rose in the current quarter, the company was focused on growing cash flow. Once Agnico's mines are all fully operational, unit costs will be heading lower, he said.

Finally, when asked if gold could see $2,000 an ounce in the coming years, Boyd said that price is definitely feasible.

Tweaking the Mobile Internet Index

In the latest tweak to his Mobile Internet Index, Cramer offered up a replacement for ADC Telecommunications ( ADCT), which recently received a takeover bid. Cramer said Internet video giant Akamai ( AKAM) is the perfect candidate to fill the vacant spot.

Akamai is already up 60% since Cramer last recommended it on Jan. 20; however he said this is one case where investors may have to buy high, and sell higher. Shares of Akamai are down slightly from where it reported earnings a few days ago.

Cramer said Akamai is an Internet infrastructure play, helping companies deliver video and other content to customers wherever they are. Management recently noted that the notion of customers having three screens, a TV, PC and a mobile device, is now a reality.

Cramer said the perceived shortfalls in Akamai's recent results were nothing but, as the company was reinvesting in its infrastructure to maintain its accelerated revenue growth through 2011. The company has $1 billion in cash on the books and is also growing its gross margins through increased value added services.

"There's a need for speed on the net," said Cramer, and that means Akamai.

Off the Charts

Cramer went head to head with colleague tim Collins over the chart of Chesapeake Energy ( CHK), a stock which is down 15% since Cramer last recommended it on Feb. 23.

According to Collins, Chesapeake may have finally turned the corner, but its upside will be limited. He noted the stock making higher lows since July on the daily chart, with the relative strength index also trending higher. Collins felt the floor for Chesapeake is around $21 a share, but the upside may be capped at $24 a share.

With the weekly chart confirming his theories, Collins said he'd be a buyer of Chesapeake between $21 and $22 a share.

Turning to the fundamentals, Cramer said he's not concerned about limited upside, just that Chesapeake has turned the corner and now has some positive momentum. He said once the stock gets moving, it will likely continue.

Cramer said many people still consider Chesapeake as only a natural gas company, but in reality it's bumping its oil assets from 10% of its production to 25% total production by 2015. The company has also stopped spending on its natural gas assets until prices for the fuel recover from their lows.

With Chesapeake's disciplined strategy for growth, and an enterprise value what exceeds its share price, Cramer reiterated his buy on the stock.

Lightning Round

Cramer was bullish on Electronic Arts ( ERTS) and Baidu.com ( BIDU).

He was bearish on Activision ( ATVI) and China MediaExpress ( CCME).

-- Written by Scott Rutt in Washington D.C.

To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.

Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by clicking here.

For more of Cramer's insights during the Lightning Round, click here .
At the time of publication, Cramer was not long any of the equities mentioned.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of TheStreet.com or its affiliates, or CNBC, NBC UNIVERSAL or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither TheStreet.com, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or TheStreet.com is related to the specific opinions expressed by him on "Mad Money."

None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, TheStreet.com or CNBC that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the program. Mr. Cramer's past results are not necessarily indicative of future performance. Neither Mr. Cramer, nor TheStreet.com, nor CNBC guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the program. The strategy or investments discussed may fluctuate in price or value and you may get back less than you invested. Before acting on any information contained in the program, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

Some of the stocks mentioned by Mr. Cramer on "Mad Money" are held in Mr. Cramer's Action Alerts PLUS Portfolio. When that is the case, appropriate disclosure is made on the program and in the "Mad Money" recap available on TheStreet.com. The Action Alerts PLUS Portfolio contains all of Mr. Cramer's personal investments in publicly-traded equity securities only, and does not include any mutual fund holdings or other institutionally managed assets, private equity investments, or his holdings in TheStreet.com, Inc. Since March 2005, the Action Alerts PLUS Portfolio has been held by a Trust, the realized profits from which have been pledged to charity. Mr. Cramer retains full investment discretion with respect to all securities contained in the Trust. Mr. Cramer is subject to certain trading restrictions, and must hold all securities in the Action Alerts PLUS Portfolio for at least one month, and is not permitted to buy or sell any security he has spoken about on television or on his radio program for five days following the broadcast.

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