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NEW YORK ( TheStreet) -- This unsinkable market just won't quit, Jim Cramer announced to his "Mad Money" TV show viewers Tuesday, as he opined on yet another up day in the markets. Cramer said that despite a groundswell of negativity, the markets have yet to have a three-day losing streak in 2013. With the calendar page turning to the dreaded month of May tomorrow, Cramer said there will undoubtedly be plenty of talk surround the old adage of "sell in May and go away." Yet, history tells us that May isn't inherently bad for stocks, it's at best a coin toss, with the markets rising about 50% of the time in recent years. So why are the analysts so negative and so wrong about stocks? It wasn't until shares of Apple ( AAPL) fell from over $700 to just $389 that analysts from Goldman Sachs, UBS and others finally stepped away from their $750 plus price targets and downgraded the stock, which Cramer owns for his charitable trust,
Off the ChartsIn the "Off The Charts" segment, Cramer went head to head with colleague Tim Collins over the chart of Berkshire Hathaway ( BRK.B) ahead of the company's annual shareholder meeting. Collins noted that after a four-month rally, the daily chart of Berkshire has been trading sideways for almost a month, displaying a classic pennant or flag pattern, which is often bullish for stocks. He felt that once the stock breaks above the $108 level, it could quickly rally to the range of $113 to $122 a share. This thesis was confirmed by the accumulation distribution line, a measure of the money flowing into, or out of, a stock. The line showed that Berkshire has been in accumulation mode in recent weeks. The relative strength indicator, or RSI, is displaying a bearish divergence, which is typical during a consolidation phase.
On the weekly chart, Collins examined the MFI, or money flow oscillator, which told him that his initial assessments were correct. Cramer said he agrees with Collins and thinks Berkshire remains a terrific investment.
Executive Decision: Patrick DoyleIn the "Executive Decision" segment, Cramer sat down with Patrick Doyle, president and CEO of Domino's Pizza ( DPZ), a company that posted a four-cents-a-share earnings beat on a 8.6% rise in revenue and a 6.2% increase in U.S. same-store sales. Shares of Domino's are up 480% since Cramer first recommended the stock in Jan 2010. Doyle started off by saying that of the 1,000-plus franchisees in the U.S., nearly 900 of those started working for Domino's as a delivery driver or other ground-level employee. He said that statistic shows the power of the Domino's system and the passion of its employees. That's also why he remains frustrated with the state of finance in our country, as many well-qualified candidates still cannot obtain financing to become new franchisees. Turning towards the company's remarkable growth, Doyle said there's still plenty of room for Domino's to expand internationally. He said the store counts in Japan, for instance, could easily double, while France could quadruple. Even in Turkey, Domino's has proven to be an unlikely favorite cuisine and offers tremendous potential. When asked about the company's digital advertising efforts, Doyle said that Domino's is constantly evaluating its advertising spending and often changes the mix between digital versus traditional channels. That said, digital offers tremendous analytics, he said, and allows them to tweak their digital spending to match, or beat, the performance of their other channels. Finally, when asked about the company's planned uses for its growing cash flows, Doyle said the regular dividend will continue and the remaining cash will be deployed based on what's best for its shareholders at the time. Cramer said that Domino's continues to be a terrific growth story.
Lightning RoundIn the Lightning Round, Cramer was bullish on International Paper ( IP), Canadian Pacific Railway ( CP), CSX ( CSX), Kroger ( KR), Cree ( CREE) and Eaton ( ETN).
Cramer was bearish on BGC Partners ( BGCP).