NEW YORK ( TheStreet) -- "With or without Steve Jobs, Apple is taking over the world," Jim Cramer announced to the viewers of his "Mad Money" TV show Tuesday, as he opined on the company's recent news and the stock's miraculous recovery. Cramer said that today was an amazing moment for Apple ( AAPL), a stock which he owns for his charitable trust,
Growth EnginesIn the "Executive Decision" segment, Cramer spoke with Alan McKim, president and CEO of Clean Harbors ( CLH), a hazardous waste disposal company that's up 25% since Cramer first featured the company on June 11. McKim dispelled rumors that Clean Harbors is just about cleaning up oil spills. He said his company has grown continuously over the past 30 years, with or without catastrophic events, and while the oil spill in the Gulf of Mexico was major, he still expects to grow by 20% this year. Helping to fuel that growth is Clean Harbors incineration business, where the company operates nine out of the 13 commercial incinerators in the U.S. McKim said no one can get a permit to build a new incinerator in this country, so the only option is to expand existing facilities to meet growing demand. McKim also commented on the company's acquisition of Eveready, a Canadian company with ties to that country's oil sands production. McKim said there are huge investments being made in the oil sands, and Clean Harbors will be there. He also noted the company's lodging business, which provides facilities and catering to workers in remote areas, such as the oil sands, shale fields and even the Gulf cleanup. When asked about helping the natural gas industry, McKim said that Clean Harbors is developing technology for gas wells that will reuse and recycle water from hydraulic fracturing and thus eliminate concerns over drinking water.
Off the ChartsCramer went head to head with colleague Tim Collins over the chart of Schlumberger ( SLB), the oil service giant that Cramer called "best of breed." According to Collins, the daily chart of Schlumberger shows a nice rally since last September, but one that stalled out in December, with shares unable to break past their December highs. However, he said that pattern was broken last Friday and shares now look like they're ready to resume their upward trend. Collins noted the stochastics, which indicate that Schlumberger performs best in overbought conditions, which the stock has now. He also noted the on balance volume, which shows that despite its sideways action, shares have consistently been bought. Turning to the weekly chart, Collins said he sees a "cup and handle" pattern, a consolidation phase that's usually marked by a rally to the upside. Collins said he sees Schlumberger heading to $100 a share. Cramer was in agreement, noting that the oil services group benefits most when crude prices are high and oil companies are looking to maximize profits and new discoveries. He said oil service is a great business to be in and he's looking for great things from this global leader. Specifically, Cramer said he's looking towards the company's Friday conference call to enlighten him on international trends, which should be strong, and also the re-emergence of the Gulf of Mexico after last year's massive oil spill and disruption. "Energy," said Cramer, "is here to stay."