As earnings season rolls on, Cramer offered up a third "Executive Decision" segment where he spoke with Kevin Johnson, CEO of Juniper Networks ( JNPR), an Action Alerts PLUS stock that's down 24% since posting inline earnings with downside guidance. Juniper now trades are just 12 times earnings with a 16% growth rate. Johnson said that Juniper has grown 15% year to date and as network traffic continues to grow, the company's fundamentals remain intact. He said in the networking industry, innovation matters, which is why the company's router business is up 19% and why Juniper continues to focus on high-end switches that differentiate its products and grow margins and marketshare. Johnson also explained that as customers ask for new features, Juniper sometimes defers revenues until those features are delivered. When they are delivered, he said, that revenue is recognized as income. Johnson said that Juniper's book-to-bill ratios remain strong, as are new orders and bookings. Finally, when asked about the company's use of cash, Johnson said that Juniper has strong cash flows, which allow it to fund operations, buy back stock and invest in growth opportunities as they arise. Cramer said after taking such a beating, he feels that Juniper shares represent great value.
Cramer was bullish on International Paper ( IP), ConocoPhillips ( COP), Total SA ( TOT), Chesapeake Energy ( CHK), Abbott Laboratories ( ABT) and Campus Crest Communities ( CCG). He was bearish on Cree ( CREE) and ATP Oil & Gas ( ATPG).
In his "No Huddle Offense" segment, Cramer chimed in on what to do with shares of Apple ( AAPL), an Action Alerts PLUS stock that some thought would never miss their numbers. Cramer said there's no denying that Apple missed their numbers, but the question now is when to jump back in. He said if investors divide Apple shares by10, then this $42 stock has pulled back to $40. That's not a lot, considering that shares were $35 just a few weeks ago. Cramer said that Apple is now a "show-me" situation where investors must wait one quarter or be opportunistic about when they buy. He said unlike Intel ( INTC), which has accelerating growth, Apple has taken a pause. --Written by Scott Rutt in Washington, D.C. To contact the writer of this article, click here: Scott Rutt. Follow TheStreet on Twitter and become a fan on Facebook. To submit a news tip, send an email to: firstname.lastname@example.org. To watch replays of Cramer's video segments, visit the Mad Money page on CNBC. Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by clicking here. For more of Cramer's insights during the Lightning Round, click here .