NEW YORK ( TheStreet) -- "We've hit a bit of rough seas, but we'll tough it out" Jim Cramer told the viewers of his "Mad Money" TV show Tuesday. He said despite President Obama's warning to the nation last night, stocks remain the safest place to park your money until the current storm passes. Cramer said it's obvious by today's action that the investing public feels that Congress will come in under the wire and do the right thing. Cramer, however, is less optimistic. He put only 50/50 odds that Congress will get a debt ceiling deal passed by the Aug. 2 deadline. Instead, he said, Congress is more likely to come to a deal after the Social Security checks stop going out a few days later. During that period, stocks will go down, said Cramer. But they're still a far safer place to invest than Treasury bonds. He said the banks will likely be hurt most in a default situation because they hold a lot of Treasuries, but other high fliers, like Apple ( AAPL), a stock which Cramer owns for his charitable trust,
Conservative Strategy ClicksIn the "Executive Decision" segment, Cramer sat down with Kevin Burke, chairman, president and CEO of ConEd ( ED), a conservative utility stock that's up 28% since Cramer recommended it in May 2010, but also one that's up 127% when factoring in reinvested dividends. Burke characterized ConEd as a conservative investment even amongst the already conservative utility industry. He said if ConEd's customers use more electricity and the company profits exceed targets, the company will lower rates to compensate. Burke said ConEd is one of the few companies that tell its customers to use less of its services and use it wisely. When asked about ConEd's electrical grid, Burke said the company has invested over $8 billion in the past few years and even with record temperatures the grid is holding up just fine. He said that ConEd has also invested a lot in security over the past 10 years. Originally the company focused on physical security of sensitive infrastructure, but lately ConEd has focused on cyber security as well. Turning to other eco initiatives, Burke noted that all of ConEd's trucks now run on biodiesel, which helps to clean the air in and around New York City. Finally, when asked about what could make ConEd make less money, Burke said that only a population shrinkage or a deep recession would be enough to affect the company's bottom line. Cramer continued his recommendation of ConEd.
Rising Online Pizza OrdersIn a second "Executive Decision" segment, Cramer spoke with Patrick Doyle, president and CEO of Domino's Pizza ( DPZ - Get Report), the best performing restaurant stock so far this year with an amazing 71% return. Domino's just delivered a four-cent-a-share earnings beat on better-than-expected sales and a 4.8% increase in same store sales. Doyle said that Domino's strategy is to make great pizza and keep their customers happy. He said the key metric in evaluating the stock is the company's retention ratio, the number of customers that keep coming back. Doyle said that keeping the customers you have means they come back more often, and that's far less expensive than finding new ones. Domino's is also focused on the quality of their pizza. Doyle said that even if Domino's could cut costs on their ingredients, it's not going to do it. He said the pizza is perfect and it's not messing with it. Among the other drivers for this global pizza powerhouse was the company's highly-effective advertising campaigns. Doyle said that the company's advertising has been terrific and word of mouth is taking those ad dollars even further. Also helping the bottom line, Domino's new iPhone app, which allows for ordering right from your phone. Domino's now gets 25% of all its orders online. Finally, when asked about the company's low market cap, Doyle said that the markets are only valuing Domino's at $175,000 per location, and given how much cash the company generates from each location, that valuation is far too low. He said that Domino's drives a lot more value than that. Cramer agreed, saying that even with Domino's terrific run so far this year, the stock still has a lot of room to run.