NEW YORK ( TheStreet) -- "Those who walked out on the markets yesterday were the big losers today," Jim Cramer told his "Mad Money" TV show viewers Thursday. He said that the symphony of stocks sounded a lot better today and that's what a bull market is all about. Cramer said there were a number of big bull themes at work today, the most important of which was encouraging jobless claims data. Cramer said jobs drive the stock market and creating new jobs is the single most important issue facing the markets right now. "We need more private sector jobs," he said, and any news to that end will send the markets higher. Cramer also noted that auto sales are another big market theme. After positive sales from General Motors ( GM), Cramer said "what's good for GM is good for America." He told investors to forget about the company's earnings for the time being. What matters now is that sales are building. Cramer's third big market theme, housing. He said the rise in new housing starts is bullish for the entire market, adding more fuel to the fire of the home builders, home improvement plays and construction-oriented sectors. Finally, Cramer acknowledged that Europe, particularly the continent's successes, is still a major theme for the markets. He said the programs that have been put into place are working, and interest rates and bond yields are falling as a result. As a final thought, Cramer also added that technology remains strong. He said that while he's worried about Apple's ( AAPL)patent issues in China, this stock which he owns for his charitable trust,
Gold Mining PlayIn the "Executive Decision" segment, Cramer spoke with Chuck Jeannes, president and CEO of Goldcorp ( GG), a gold miner whose stock soared 4.75% today on positive news from the company. Jeannes said that Goldcorp has had an outstanding quarter and an outstanding year with the company growing earnings by $1 billion. He said that growth has not yet been reflected in Goldcorp's share price, but the company continues to produce gold at a very low cost. When asked about the gold industry in general, Jeannes explained that gold remains a very rare commodity. He said while demand is increasing, supply is remaining essential flat, sending gold prices higher and higher. "Supply and demand isn't going to change anytime soon," Jeannes noted, saying that demand from emerging markets as well as at central banks around the globe continues to increase. But while global supply remains contained, things are Goldcorp continue to do well, said Jeannes. He said that Goldcorp's costs have been rising at a rate less than the price of gold itself, leading to higher margins for the company. Goldcorp also has one new mine coming online this year, with another scheduled for 2013 and two Canadian mines coming online in 2014. Cramer reiterated that he's still bullish on the SPDR Gold Shares ( GLD), but with the global economy heating up, Goldcorp remains his favorite gold mining stock.
China Market ExplodingFor his second "Executive Decision" segment, Cramer sat down with David Novak, chairman and CEO of Yum! Brands ( YUM), an Action Alerts PLUS holding that's exploding in China with same-store sales up 21% in its most recent quarter. Yum now derives 42% of all its sales from China. Novak talked about leadership, as his new book Taking People With You just came out. He said that good leaders make for good businesses and the goal is always to create a work environment that brings out the best in people. "If you want great results, you need to start with great people, which will satisfy customers and make more money," he said. And that's what Yum! Brands has been doing in China, Novak explained. He said the company has been in China for 25 years now and has a great local team and great managers at its 4,000 Chinese locations as well as great processes and discipline to get the job done right. Yum! sees China as its No. 1 growth opportunity for the 21st century, said Novak. While the company has 60 locations for every one million people here in the U.S., that number falls to just two locations per one million in the top ten emerging markets. He said all of his management teams understand their respective cultures and work hard to localize their brands for success. That success doesn't always come however, Novak noted. He admitted mistakes were made when introducing breakfast at Taco Bell, for example. But that's not stopping the company from trying again, he said, this time with new partners and new products the company feels will be a hit with customers. Turning to the state of affairs here in the U.S., Novak closed by saying that its important for our country to believe in what we're capable of and not listen to the cynics. He said if America makes action plans to make a difference, we can easily achieve it. Cramer continued his recommendation of Yum! Brands.