Cramer's 'Mad Money' Recap: Look Before You Leap

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NEW YORK ( TheStreet) -- "There's still plenty of money to be made in this market," Jim Cramer told his "Mad Money" TV show viewers Tuesday. But that doesn't mean investors should jump into stocks now after the markets have rallied for eight days in a row.

Cramer said that despite the international ugliness and the worries over the Federal Reserve, he's still remains bullish on the longer-term prospects for the markets. But statistically speaking, the markets have only seen winning streaks longer than eight days just five times in the past 12 years. That makes the odds that tomorrow will be another up day, well, unlikely.

There are still a lot of things to love in this market, Cramer continued. Just look at the amazing move in Best Buy ( BBY), Sherwin-Williams ( SHW) and Boeing ( BA) for proof of that. Cramer said he remains bullish on all these names, but investors should simply wait a few days for a better entry point.

Cramer reminded investors to never force a trade or chase a stock higher. "There's no gun to your head," he said. Individual investors are not hedge fund managers who have something to prove on a daily basis.

Executive Decision: Stephen Holmes

In the "Executive Decision" segment, Cramer spoke with Stephen Holmes, chairman and CEO of Wyndham Worldwide ( WYN), a hotel operator that's seen a staggering 2,027% gain over the past four years thanks to the company's shares rising from just $2.92 to over $62 now.

Holmes said Wyndham has been consistently shareholder-friendly, returning some $3 billion to shareholders over the past six years. He said the company will never sit on its cash. If there isn't an acquisition to be made it will buy back shares or provide dividends as appropriate.

Holmes explained Wyndham's strategy of remaining an operator, rather than an owner, of hotels allows it to avoid much of the downside risk as the market ebbs and flows. He said there hasn't been a lot of new hotel supply in recent years but that will be heating up again soon, allowing his company to plant its flag on more properties.

Holmes was also bullish on Wyndham's acquisition of Roomkey.com, which allows this company to sell hotel rooms directly to customers, the least expensive way to do so. He said that putting the power into the hands of the consumer is always the best way to fill rooms.

Cramer continued his recommendation of Wyndham.

Off the Charts

In the "Off The Charts" segment, Cramer went head to head with colleague Bob Lang over the charts of the casino stocks, a group that's been on fire of late.

Lang noted the daily chart of Caesar's Entertainment ( CZR) shows the stock has broken through its February resistance. Even after reporting a less-than-stellar quarter, the stock was able to quickly snap back after its declines. Caesar's weekly chart shows a bullish cup and handle pattern.

Las Vegas Sands ( LVS) is also showing strength, with its daily chart showing positive MACD and Williams momentum oscillators. Sands' weekly chart shows a series of cups and handles, all pointing to strong upside momentum.

Finally, Lang noted that Wynn Resorts ( WYNN), which admittedly doesn't have the best chart in the book, still shows the stock building a floor from which it, too, can spring higher.

Cramer said of the three, he and Lang both prefer Las Vegas Sands, a stock with the best chart and the best fundamentals.

Lightning Round

In the Lightning Round, Cramer was bullish on Standard Pacific ( SPF), O'Reilly Automotive ( ORLY), Biogen Idec ( BIIB) and Kansas City Southern ( KSU).

Cramer was bearish on Molycorp ( MCP) and Diamond Foods ( DMND).

Executive Decision: Dick Heckmann

In his second "Executive Decision" segment, Cramer spoke with Dick Heckmann, executive chairman at Heckmann ( HEK), the waste-water disposal and recycling company that just posted a five-cent-a-share earnings beat on better than expected revenue, news that sent shares soaring 11.5%.

Heckmann said the sluggishness of 2012 is largely behind the oil and gas industry, which is buzzing with excitement in 2013 and unlocking our nation's reserves faster and more efficiently than ever. He said investors should stop using rig counts as a metric for the oil and gas industry as all the new technology has allowed production to soar with the same number of rigs as before.

Heckmann added that in the near future, hydraulic fracturing will use very little fresh water because reuse and recycling is becoming more prominent. Over the past three years, he said, there's been a dramatic change in the chemistry of the water being used and the impact on the environment overall.

When asked about competition, Heckmann said his company focuses on the collection and transportation of waste water and not with the refining of that water, which means it's not in direct competition with Clean Harbors ( CLH).

Finally, when asked about Washington's involvement in the natural gas business, Heckmann said the U.S. will never become energy-independent without natural gas, so he remains optimistic about the jobs and economic activity being created by the oil and gas business. The future of our country depends on our own energy, he concluded.

Cramer said he remains a huge fan of Heckmann.

No Huddle Offense

In his "No Huddle Offense" segment, Cramer said it is getting harder and harder to recommend any tech company that's tied to Apple ( AAPL), a stock Cramer owns for his charitable trust, Action Alerts PLUS.

Cramer said that in days past, being tied to Apple was a blessing. But with the momentum now going the wrong way, stocks like Qualcomm ( WCOM) and Skyworks Solutions ( SWKS) can't seem to pull away from the downward spiral. Meanwhile, stocks like Intel ( INTC) not tied to Apple seem to be rallying -- because they're not tied to Apple.

Cramer said there will come a day where Apple hits bottom and all of its suppliers will become investable again. For the moment, no one can predict when that may happen.

To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.

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

To email Scott about this article, click here: Scott Rutt

Follow Scott on Twitter @ScottRutt or get updates on Facebook, ScottRuttDC

At the time of publication, Cramer's Action Alerts PLUS had a position in AAPL.

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

None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, TheStreet.com or CNBC that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the program. Mr. Cramer's past results are not necessarily indicative of future performance. Neither Mr. Cramer, nor TheStreet.com, nor CNBC guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the program. The strategy or investments discussed may fluctuate in price or value and you may get back less than you invested. Before acting on any information contained in the program, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

Some of the stocks mentioned by Mr. Cramer on "Mad Money" are held in Mr. Cramer's Action Alerts PLUS Portfolio. When that is the case, appropriate disclosure is made on the program and in the "Mad Money" recap available on TheStreet.com. The Action Alerts PLUS Portfolio contains all of Mr. Cramer's personal investments in publicly-traded equity securities only, and does not include any mutual fund holdings or other institutionally managed assets, private equity investments, or his holdings in TheStreet.com, Inc. Since March 2005, the Action Alerts PLUS Portfolio has been held by a Trust, the realized profits from which have been pledged to charity. Mr. Cramer retains full investment discretion with respect to all securities contained in the Trust. Mr. Cramer is subject to certain trading restrictions, and must hold all securities in the Action Alerts PLUS Portfolio for at least one month, and is not permitted to buy or sell any security he has spoken about on television or on his radio program for five days following the broadcast.

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