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NEW YORK ( TheStreet) -- Corporate earnings still continue to drive the markets, Jim Cramer told "Mad Money" viewers Friday. Cramer said the rule of thumb remains that domestic companies are good while those selling overseas are bad, and those that execute well are rewarded even more. That's why on Monday, Cramer said he'll be watching Buffalo Wild Wings ( BWLD), which has been a solid domestic performer, while staying away from Masco ( MAS), which gets a quarter of its sales from overseas. Cramer said he'd be a buyer of Cummins ( CMI) on Tuesday, along with Pfizer ( PFE) and animal health provider Zoetis ( ZTS), along with Tanger Outlets ( SKT), which remains a consistent performer. Wednesday brings Allergan ( AGN), along with Clorox ( CLX) and Cramer fave Radian Group ( RDN). Cramer said he'd wait for a pullback in Allergan and Clorox, but feels Radian is worth buying now as that stock could double from current levels. Then on Thursday, it's American International Group ( AIG), General Motors ( GM), Alliant Tech Systems ( ATK) and LinkedIn ( LNKD) reporting. Cramer said AIG remains a great opportunity and he's even warming up to GM. Alliant remains a takeover target, while LinkedIn just continues to impress the markets. Finally on Friday, unemployment takes the stage. Cramer said he expects this report to be a non-event, but he does expect the naysayers to be out in force on Wednesday as the Federal Reserve meets. He told viewers to ignore these bears and buy on any weakness.
Executive Decision: Nick AkinsIn the "Executive Decision" segment, Cramer spoke with Nick Akins, president and CEO of American Electric Power ( AEP), a utility that delivered a one cent-a-share earnings miss but reaffirmed the company's full-year guidance. American Electric Power shares are up 12% since Cramer last spoke with Akins in February. When asked why AEP hasn't already switched from dirty coal to cleaner, renewable alternatives, Akins explained his company has made a massive investment over the past 106 years and that means things can't be changed on a dime. He said power plants are long-lead-time projects and can't move as quickly as many environmentalists may like. Akins said that with coal mining occurring throughout a large part of AEP's footprint, coal will continue to be a part of the company's fuel mix for the foreseeable future. However, that doesn't mean AEP isn't making changes to be more environmentally friendly. He said his company has a long history of innovation and has some of the cleanest, highest efficiency coal plants in the country. AEP is also switching from coal to natural gas where it can, which also helps lower greenhouse gas emissions across the board.
Cramer said AEP is a utility that hasn't made, but is making, the slow transition away from coal and in the meantime is delivering a terrific return for its shareholders. He said the stock remains cheap.
Executive Decision: David SteinerIn his second "Executive Decision" segment, Cramer spoke with David Steiner, president and CEO of Waste Management ( WM), which just delivered in-line numbers but offered investors a strong outlook. Like American Electric Power, Waste Management is also an unlikely environmental play, as the company operates 22 waste-to-energy facilities and is rapidly converting its fleet of trash trucks to run on natural gas. Steiner said Waste Management now generates enough electricity from the garbage it collects to power 1.2 million homes, a figure that is eight times as big as the entire U.S. solar industry. How is that possible? Steiner explained his company generates methane gas from its landfills to generate electricity and also is working to extract as many BTUs as it can from the waste it can burn. Waste Management also composts 30% to 40% of the waste it collects and is constantly looking for new ways to use refuse. When asked about natural gas, Steiner said there are many reasons to use U.S.-made natural gas, which is why 90% of all the trucks the company is buying are natural gas vehicles. The key sticking point, he said, is infrastructure, as America's infrastructure is built around diesel fuel and it costs money to change to natural gas. But that hasn't stopped Waste Management from trying, as it plans to build 25 nat gas fueling stations on its own this year. Cramer said that Waste Management continues to be a leader in its space and is one company that makes green by being green.
Lightning RoundIn the Lightning Round, Cramer was bullish on PPG Industries ( PPG), Celgene ( CELG), Sinclair Broadcast Group ( SBGI) and HCP ( HCP). Cramer was bearish on Dell ( DELL).
Do Your HomeworkIn his "Homework" segment, Cramer followed up on TravelCenters ( TA), saying that he'd wait for a pullback before buying this stock. "Don't chase it," he said.
Cramer was skeptical about Jazz Pharmaceuticals ( JAZZ), advising investors to stick with some of his other favorite biotech stocks instead. He was also concerned about Aveo Pharmaceuticals ( AVEO) and said investors need to revisit this stock later. Cramer also didn't show much love for Photomedex ( PHMD), saying that while the company has strong growth, he would bless it only as a speculative stock and only for a short-term trade. He was also bearish on Performant Financial ( PFMT), saying investors should stay on the sidelines with this stock.