Cramer's 'Mad Money' Recap: Europe's Big Assist (Final)

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NEW YORK ( TheStreet) -- "Europe remains the be all, end all of our markets," Jim Cramer reminded his "Mad Money" TV show viewers Tuesday.

He said when there is bad news out of Europe, no one cares about good earnings, but when there is constructive news from the eurozone, companies with great earnings get taken higher.

Cramer said the market still hinge on Europe, which after failing to acknowledge the magnitude of their problems, is finally beginning to work on a comprehensive solution to their problems. He said that explains why shares of JPMorgan Chase ( JPM) were taken down in Monday's trading, with negative euro news, only to rebound in today's action, with positive news.

The same pattern can be seen in the likes of Alcoa ( AA), a stock which Cramer owns for his charitable trust, Action Alerts PLUS , and in Caterpillar ( CAT), he said.

In the oil patch, Cramer noted that Parker-Hannifin ( PH) reported a terrific number, with shares jumping $4. He said that action was able to flush out many of the shorts looking for yet another weak quarter from the company.

Cramer told viewers not to be fooled by companies like IBM ( IBM), which were not taken down on "disappointing" results, but rather because shares have rallied 24% for the year and were ripe for a correction.

"Let's hope we don't get a correction of today's correction tomorrow," said Cramer jokingly. The future continues to hinge on Europe's every word.

Limits of Technical Analysis

In the "Off The Charts" segment, Cramer reminded viewers that sometimes the charts can offer little help at all. He used an example provided by colleague Bert Dohman when examining the chart of the S&P 500 index.

Cramer said that Dohmen sent him an email Monday, noting that after the head-and-shoulders pattern displayed between March and July of this year, the S&P has been range bound. He said after falling to its lows for the year, the index rebounded 50% to its recent highs, where it met considerable resistance. He said the outlook for the S&P was decidedly negative.

But then today, Cramer said he received a second email from Dohman, stating that with the latest news out of Europe, the S&P could break through its resistance, which would be bullish for the markets. Today's news, said Dohman, changes everything.

Cramer said this is why he chooses to stick with fundamental analysis of stocks, as the technicals can be fickle in tough markets. He said with a plan in Europe and a soft landing in China, it would be all systems go for U.S. markets, and that's something the charts simply can't capture just yet.

Online Orders

In the "Executive Decision" segment, Cramer once again sat down with Patrick Doyle, CEO of Domino's Pizza ( DPZ), which is up 300% since Cramer first got behind the company in January, 2010.

Doyle said that of Domino's 9,500 locations, almost half are now international. He said his company is now the largest pizza company in France, for example, yet the company has only 200 locations. "We're nowhere near done internationally," said Doyle.

Another positive for the company, online and mobile sales. Doyle said that Domino's is now a technology play, as the company's new online ordering is faster, more accurate and allows customers to see exact where their pizza is at all times.

Doyle also noted that with more customers placing orders themselves, the company has been able to pare back some labor expenses. Nearly 1.5% of all Domino's orders are now places through the company's iPhone application alone, he said.

When asked about other factors helping the stock, Doyle said that falling commodity prices are just now starting to help the company's bottom line. He also said that Domino's remains aggressive with its stock buyback program, purchasing over three million shares so far. "Domino's remains shareholder focused," said Doyle.

Cramer continued his support of Domino's.

Am I Diversified?

Cramer played "Am I Diversified" with callers to see if their portfolios have what it takes. The first caller's portfolio included Phillip Morris International ( PM), AT&T ( T), Pepsico ( PEP), Dupont ( DD) and Berkshire Hathaway ( BRK-B).

Cramer said this portfolio has fabulous diversification.

The second caller's top holdings included EMC ( EMC), Allergan ( AGN), Conoco Phillips ( COP), McDonald's ( MCD) and Tesla Motors ( TSLA).

The caller noted that Tesla was his speculative stock, and Cramer replied, "Bingo," noting this portfolio was also diversified.

The third caller had Apple ( AAPL), Chipotle Mexican Grill ( CMG), Deckers Outdoor ( DECK), Kinder Morgan Energy Partners ( KMP) and SPDR Gold Shares ( GLD).

Cramer also blessed this portfolio as properly diversified. "I'm bullish on them all," he concluded.

Lightning Round

Cramer was bullish on Dollar General ( DG), Honeywell ( HON), Sysco ( SYY), Waste Management ( WM), Kirby ( KEX), Windstream ( WIN), AT&T ( T), Verizon ( VZ), Buckeye Partners ( BPL), MarkWest Energy Partners ( MWE) and Annaly Capital ( NLY).

He was bearish on Dollar Tree ( DLTR), Pandora Media ( P), Peabody Energy ( BTU), Boeing ( BA) and Frontier Communications ( FTR).

Closing Comments

In his "No Huddle Offense" segment, Cramer opined on number of recent tech earnings. He said that in the case of IBM ( IBM) and Apple ( AAPL), an Action Alerts PLUS name, the expectations were so high that no company could have beaten them.

Meanwhile, companies like Intel ( INTC) and EMC ( EMC), another Action Alerts PLUS name, had expectations so low, the companies delivered upside surprises.

Cramer said in the case of Apple, it's reasonable to think that people held off buying new phones with a new one on the horizon, but even with the company raising guidance, he doesn't expect a quick rebound in the stock. As for Intel and EMC, Cramer said that these are strong moments for tech, and he expects the stocks to be upgraded and head higher.

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

To contact the writer of this article, click here: Scott Rutt.

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At the time of publication, Cramer was long Alcoa, Apple, EMC.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for, Inc., and CNBC, and a director and co-founder of All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of 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, 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 is related to the specific opinions expressed by him on "Mad Money."

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