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NEW YORK ( TheStreet) -- It's time to take a pause, Jim Cramer told his "Mad Money" TV show viewers Thursday. There are too many negatives in the markets to still be buying at these levels, and investors need to be extra cautious until the many positives come into better focus, he said. Cramer said that going into the weekend he expects many money managers will be cashing out on worries that news out of Europe will sour the markets over the weekend. He said this will likely lead to additional declines beyond today's weak close. Additionally, Cramer said that he expects President Obama, who has been silent on the sequester of late, to begin speaking again next week as the spending cuts take hold. Add to that weak earnings from FedEx ( FDX), Caterpillar ( CAT) and Oracle ( ORCL), a stock Cramer owns for his charitable trust,
Executive Decision: Lars BjorkIn the "Executive Decision" segment, Cramer spoke with Lars Bjork, president and CEO of Qlik Technologies ( QLIK), a business intelligence software company that has seen its shares rise 22% so far this year and a full 50% off the November lows. Bjork said Qlik helps businesses visualize their data so they can make real-time decisions about their business. He said unlike legacy software systems, where IT departments provide reports to users and managers, Qlik's technology makes it easy for users to generate their own reports at they need them.
Bjork said Qlik has 20 years of experience in the business intelligence marketplace and is leading the consumerization of enterprise software applications. He said one of the most common data sources Qlik customers plug into belongs to Salesforce.com ( CRM), another disrupting force in the industry. No matter what system companies are using to process their data and spot trends, Bjork said they will still need Qlik to help with the "last mile" of presenting data in a way users can understand and making the information accessible to those who need it. Cramer said the need for business intelligence is in great demand and Qlik is one of the leaders in the space.
Changes at the TopWhen a company has a sudden change in management, investors need to be looking for the exit, Cramer reminded viewers. He said that while CEOs and CFOs retire all the time, those who leave suddenly, without a succession plan, must be sold immediately. Case in point: Mellanox ( MLNX), which has seen its shares fall by nearly 50% since announcing an unexpected management shakeup last October. More recently, Ulta Salon ( ULTA) announced its CEO was stepping down on the heels of its CFO resigning late last year. Cramer said that news sent shares down 12%. True Religion ( TRLG) is the latest company to announce changes at the top, and Cramer said news like this is rarely a sign that good things are happening at a company. Sometimes bad CEOs get the boot, however, and that's good news. See Groupon ( GRPN) and Avon Products ( AVP) for recent examples of stocks rising on the news of a CEO departure. Then there are great CEOs who step down the right way, with a known succession plan that investors are expecting. That leads to good things, as McDonald's ( MCD), Costco ( COST) and most recently ARM Holdings ( ARMH) have proven. So whenever a stock in your portfolio announces a change at the top, Cramer said, investors need to figure out which scenario fits and act accordingly.
Lightning RoundIn the Lightning Round, Cramer was bullish on Two Harbors ( TWO), Realogy Holdings ( RLGY) and Cisco Systems ( CSCO).
Cramer was bearish on Amarin ( AMRN) and Orbital Sciences ( ORB).