Cramer's 'Mad Money' Recap: Invest in America (Final)

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NEW YORK ( TheStreet) -- "The American manufacturing renaissance has arrived," Jim Cramer told a live audience of his "Mad Money"TV show Wednesday, as he kicked off his "Invest In America" series by traveling to Dearborn, Mich. to the Ford ( F) F-150 truck plant.

Cramer said the bears and naysayers have been wrong about a lot of things recently. They were wrong about Portugal earlier this week and they've been wrong on the bank stocks, he said, and they're wrong on the outlook for American manufacturing.

Cramer said gone are the days where America doesn't make anything, or at least nothing worth while. America, he said, is once again dominating in areas it had previously lost.

Case in point, Ford. Cramer said Ford's stock is up 1,385% from its bottom, and the Ford F-150 pickup truck, now the best selling truck in the world, is proof positive that America matters.

But Ford is not America's only success story, said Cramer. Stocks like John Deere ( DE), Caterpillar ( CAT) and even Apple ( AAPL), all stocks which Cramer owns for his charitable trust, Action Alerts PLUS are roaring higher along with Ford.

The list also includes great manufacturers like Honeywell ( HON) and 3M ( MMM).

Cramer said he expects the Dow Jones Industrial Average to rise by 14% in 2011, thanks to these great America icons of manufacturing. "Don't get left behind," said Cramer.

Ford's Vision

Cramer spoke with Ford president and CEO Alan Mullaly about his company's remarkable turnaround to profitability. Cramer called Ford the Apple of the auto industry, saying that in the face of bankruptcy, Ford cleaned up its balance sheet, simplified production, slashed costs and shed its extra brands all to focus on modern technology and making the best products available.

Mullaly said that Ford pulled together around the vision of making the best cars and making them affordable to all. He said the key was focusing on the core Ford brand and profitably growing the company year after year. Ford wants all of its constituents to share in the company's success, said Mullaly, including its suppliers, investors, employees and shareholders.

Ford even testified on the behalf of Chrysler and General Motors ( GM), noted Mullaly, to help convince the government to help rebuild the U.S. auto industry.

Turning to Ford's outlook, Mullaly said Ford is being helped by numerous factors, including a recovering U.S. auto market, but also a favorable political climate and pent-up demand for new cars.

Cramer put a $36 price target on Ford's stock, saying the company could achieve that level in the next two years.

Cramer visited Mullaly's office and was visited by William Ford Jr., Ford's executive chairman. Mullaly show Cramer a 1925 Ford newspaper ad that sits behind his desk and outlines Henry Ford's original vision of making cars affordable for all. He said with its recent turnaround, Ford is once again competing with the best in the world.

Mullaly also spoke more about Ford's focus on all of its stakeholders, saying that for the first time, everyone, from the company's employees to its dealers and suppliers are all sharing in the company's success. He said Ford is now a global enterprise where all of the company's business units are on the same page.

Mullaly also shared what Ford's customers expect from their vehicles, including quality, fuel efficiency, safety, smart design and affordability. He said with Ford's new global platform, where 80% of the parts are standardized and the remaining 20% are tailored for individual markets, Ford is able to profitably deliver on all those points.

Rare Metal Shortage

Cramer took questions from a few Ford employees who were in attendance. When asked about the outlook for lithium given the increased battery usage in cars, Cramer said he's worried that the world won't have enough rare metals to meet the widespread adoption of electric cars. He said Sociedad Quimica ( SQM) remains his favorite lithium stock.

When asked whether there's a correlation between the price of Ford and General Motors' stock, Cramer said that he doesn't compare the two companies because Ford is a growth stock with many years of upside ahead of it, while GM is a turnaround story.

Cramer said investors are not betting that GM's cars will be successful necessarily, only that the company can get its house in order. He said both stocks can be owned, but for different reasons.

Lightning Round

Cramer was bullish on Verizon ( VZ), Lowes ( LOW), Citigroup ( C), Panera Bread ( PNRA)and Deckers Outdoor ( DECK).

He was bearish on Sprint Nextel ( S)and Home Depot ( HD).

Closing Comments

"Don't let the naysayers fool you," Cramer told his audience, as he highlighted two stocks that roared higher today. Cramer said with a stroke of a pen ITT ( ITT) increased its shares by 10%, just by announcing that the company will split itself into three divisions.

Shares of Lululemon ( LULU) also surged higher today on the company's pre-announcement of blowout earnings. Cramer said while the shorts were worried that the company's 50 multiple was too high, it turns out the company is trading at a mere 35 times earnings, which makes the stock incredibly cheap.

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

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For more of Cramer's insights during the Lightning Round, clickhere .

At the time of publication, Cramer was long Deere, Caterpillar, Apple.

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."

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