Lightning Round

In the Lightning Round, Cramer was bullish on Verizon ( VZ), CenturyLink ( CTL), Starbucks ( SBUX), Dean Foods ( DF), Chipotle Mexican Grill ( CMG), Panera Bread ( PNRA) and Oshkosh Truck ( OSK).

Cramer was bearish on McDonald's ( MCD), Frontier Communications ( FTR), Molycorp ( MCP), Realogy Holdings ( RLGY) and Acacia Research ( ACTG).

Off the Charts

In the "Off The Charts" segment, Cramer went head to head with colleague Dan Fitzpatrick over the direction of coal, one of the most hated commodities of 2012.

According to Fitzpatrick, a daily chart of Dow Jones US Coal Index shows coal in a solid downtrend since July 2011, when the index fell below its 50-day moving average and stayed there until just recently when it stabilized and built a base of support. Fitzpatrick noted that the buyers seem to be in control after a long hiatus and the stock could break out above its 200-day moving average.

Fitzpatrick also looked at the charts of both Peabody Energy ( BTU) and Alpha Natural Resources ( ANR), two big coal names, for confirmation. He found that both Peabody and Alpha followed similar patterns, falling below their 50-day averages, only to stabilize then begin to rally on strong volume. What was once the ceiling for these stocks, their 50-day averages, is now their floor of support.

Crame said that with natural gas prices rising, export coal to China likely to improve and nuclear power off the menu post-Japan, there's a lot to like about coal, especially if Mitt Romney, a pro-coal candidate, is elected. However, he noted that if Obama is re-elected, that could give the Environmental Protection Agency a new mandate to phase out coal-fired power plants even sooner.

No Huddle Offense

In his "No Huddle Offense" segment, Cramer opined on the management shakeups at Apple ( AAPL), an Action Alerts PLUS holding. He said while the news that two underperforming execs are on the way out is good news for the company, the market's reaction will be to sell shares of Apple even lower.

Cramer said the markets are in a full-blown "sell Apple" mode, as these changes remind investors that this is no longer Steve Job's company and the company has yet to debut more than incremental upgrades to existing products.

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