NEW YORK ( TheStreet) -- "The economy's not great, the economy's not horrible," Jim Cramer told the viewers of his "Mad Money" TV show Thursday, as he tried to convey what trading in a mixed market is really all about. Cramer said he really doesn't care what Friday's GDP number brings, nor did he care about the housing numbers from earlier this week. He said he's not surprised by any of the daily economic data that's being released. Why? Because the market is mixed, and that means its darn near impossible to make sense of just about anything. Cramer said the obsession with whether we're entering the dreaded "double- dip" recession is comical, as there's clearly not enough data to know. The markets are trading on every little data point, he said, yet you can make a bull and bear argument for every one of them. Cramer said in retail, some stores like Urban Outfitters ( URBN) are doing well, while others, like Guess ( GES), aren't. Sectors like aerospace is on fire, he said, while others, like medical equipment, are not. Price earnings multiples are low compared to earnings, but with a lower GDP the multiples seem too high. Sometimes there's nothing actionable to trade on, said Cramer, even though everything may sound like it is.
Battling ObesityIn the "Executive Decision" segment, Cramer spoke with Irwin Simon, chairman, president and CEO of Hain Cellestial ( HAIN), a food company fighting the battle against obesity in America. Simon started off by reminding viewers that 67% of all Americans are obese, including 32% of our children, which leaves a huge market for selling organic and natural foods. He said even in Asia, a region littered with food recalls and corruption in their food safety, people are seeing the value of healthy foods and are giving organic foods as gifts. When asked about the company's deal with Martha Stewart Omnimedia ( MSO), Simon said Hain Cellestial is very excited to be working with her because her company is all about educating consumers about great products. Turning to the company's distribution strategy, Simon said that Hain has some 18,000 products in Whole Foods ( WFMI) stores, where shoppers are also looking for all natural products. He said that's why Hain is growing in many outlets. Finally, when asked about how the recession has affected the company, Simon said that some consumers did trade down to private label foods, but in the end they realize that there's also value in brands they can trust, brands like Hain offers. "People are concerned about their food," he said, and they want good brands. Cramer said Hain Cellestial remains in the middle of a great long term trend, and he remains bullish on the stock
A Bad ChartIn the Thursday "Sell Block" segment, Cramer took a closer look at Intuitive Surgical ( ISRG), one of the stocks in his C.A.N.D.I.E.S. high growth index that's clearly lost its mojo. Cramer said that Intuitive Surgical is down 21% since he added it to the C.A.N.D.I.E.S. list on June 3. The company reported a 15-cent earnings beat on a 34% jump in revenue, and even raised its guidance when it last reported, so earnings don't appear to be the issue, said Cramer. What is the issue then? Cramer said it's a bad chart. Enlisting the help of colleague Ken Shreve, Cramer said Intuitive Surgical suffered a big reversal on heavy volume back on April 16, the tell-tale sign a large hedge fund was selling their position. Since then, the stock has been under pressure, displaying a series of lower highs, as other funds follow suit and dump the stock. According to Shreve, the stock won't finally bottom until $240 a share. Cramer agreed with Shreve's assessment, saying at that level the company would be trading below one time its growth rate. Cramer noted that Intuitive Surgical is a case of a broken stock, but not a broken company. He said its DaVinci surgical robots are still selling strongly, and there is still sizable room for growth. The company also make residual fees for service and maintenance for every robot in operation. Cramer said he'd wait for the $240 a share bottom before he would start buying.