NEW YORK ( TheStreet) -- "Enjoy the reprieve," an upbeat Jim Cramer told his "Mad Money" TV show viewers on Wednesday. "This time, it might actually last for a week or two," he continued, as he opined on today's seemingly illogical market action. Cramer said its rare to find a day when defensive, recession stocks like Merck ( MRK), HJ Heinz ( HNZ) and Colgate-Palmolive ( CL) rally at the same time as cyclical stocks like Chevron ( CVX), 3M ( MMM) and Boeing ( BA), but that's exactly what happened today. What's the reason? Cramer said the recession names continue to trend higher every day there is no definitive resolution in Europe. He said the thinking is that a slowdown there will eventually spell a slowdown for the U.S. Meanwhile, the cyclical stocks rallied on a research report from JPMorgan Chase ( JPM), which said that China may be done raising interest rates, one of the 10 things Cramer said was needed for a sustainable rally. Cramer said this seemingly benign report holds the key for many stocks, as China is the growth engine for many industries. He said stocks like Caterpillar ( CAT) and Cummins ( CMI), two stocks which he owns for his charitable trust,
Natural Gas Industry LiftoffIn the "Executive Decision" segment, Cramer spoke with David Demers, CEO of Westport Innovations ( WPRT), a stock that rallied 20% today on the news of a co-marketing agreement with RDS Shell ( RDS-A) to begin offering liquified natural gas fueling stations in the U.S. and Canada. Demers said the agreement is the starting gun for the entire natural gas industry. He said that many companies have been putting the pieces together, whether it be engines, fueling stations or the fuel itself, but this is the first time a major player has said "it's time to go" with this alternative fuel. Demers continued by saying that Westport continues to talk with other players in the natural gas and transportation arena and today's deal is by no means exclusive. He said Shell will begin offering LNG fueling stations in Alberta, Canada by next year and expand from there. Talking about the overall environment for natural gas, Demers said that for years companies questioned whether natural gas was sustainable for the future, but those questions have been put to rest. He said there are now enough customers, enough engines and trucks and the finances are right to begin making this move. When asked about the political environment in the U.S. towards natural gas, Demers said that he loves the natural gas act currently in Congress and also supports the Pickens Plan, named for oil tycoon Boone Pickens. He said that using natural gas has the power to change the pricing power of OPEC and the security of the U.S., but there is still a lot of work to do. Cramer continued his recommendation of Westport Innovations, saying the stock would be a buy on any pullback.
Learning From Winners"Learn from the winners," Cramer told viewers, as he continued his look back into history for some of the best performing stocks over the past 10 years. He said that some of the biggest winners of the past decade, a period when the S&P 500 was only up 30%, including dividends, might surprise you, but they all illustrate principles that can be used to find the next big market movers. Cramer first highlighted Deckers ( DECK), makers of Ugg boots, and a stock he has endorsed for some time. Shares of Deckers have risen 5,744% over the past 10 years, taking a 500-share investment that would have cost $735 to an astounding $42,950 today. Cramer said he's still a fan of Deckers, as Uggs are still relevant and the brand doesn't compete with other footwear categories. Next up was drink maker Hanson Natural ( HANS), up 17,143% over the past decade. A 500-share investment in Hanson would have cost $245 and yielded $41,815 today. Hanson started by making all-natural juices, but quickly expanded into the red hot energy drink market. Cramer said the company is still innovating and trades at 23 times earnings with a 14.5% growth rate. He said on a pullback, Hanson is still also still a buy. Finally, there was the Chinese NetEase.com ( NTES - Get Report), which has risen 30,456% in the past 10 years. Cramer said NetEase combined the Internet with gaming, two powerful trends, which has propelled the stock into the stratosphere. Cramer said he's not a fan of NetEase, or any Chinese stocks outside of Baidu ( BIDU), as Chinese stocks remain too risky for average investors.