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NEW YORK ( TheStreet) -- When it comes to the stock market, the best thing you can get is mixed data, Jim Cramer told his "Mad Money" TV show viewers Thursday. Cramer said that's what is propelling the market higher. What exactly is "mixed data?" Cramer said it's a weak leading economic indicator number with a stronger jobs number. It's higher consumer sentiment from one firm while another predicts a five-month low. It's good manufacturing numbers over here, with weak numbers over there. Why should investors like mixed economic data? Cramer said mixed data mean the Federal Reserve doesn't have to worry about inflation and can remain in pro-growth mode. That notion alone accounts for much of the 2,440-point gain in the Dow Jones Industrial Average so far in 2013. Among the biggest contributors to that gain are Boeing ( BA), which is selling fuel-efficient Dreamliners to combat rising fuels costs. 3M ( MMM) also makes the list, as that company is seen as a big beneficiary as the economy improves. On the flip side, investors have also been clamoring for Johnson & Johnson ( JNJ) as a hedge in case the mixed data turn bad. There will certainly be some disappointments in the "mixed bag" market, said Cramer, as seen today with Google ( GOOG), Microsoft ( MSFT), eBay ( EBAY) and Intel ( INTC), but those are all par for the course. While some stocks may stumble, the vast majority are on the move higher.
Executive Decision: Mike SutherlinIn the "Executive Decision" segment, Cramer sat down with Mike Sutherlin, president and CEO of Joy Global ( JOY), a stock Cramer owns for his charitable trust,
When asked about the company's outlook, Sutherlin said both he and his customers have been disappointed with the lack of growth thus far. He said everyone expected the recovery to be farther along as this point than it is. However, Joy's order rate has been consistent, indicating things have stabilized. Looking at the projects that his customers are planning, it's looking very solid. In the end, Sutherlin said, there may be weakness in the short term but looking longer term he sees only upside for Joy Global. Cramer said he agreed with Sutherlin's outlook and remains optimistic, even though shares are down for Action Alerts PLUS.
Executive Decision: Bob DudleyIn his second "Executive Decision" segment, Cramer sat down with Bob Dudley, CEO of BP ( BP). Three years after the Macondo oil spill in the Gulf of Mexico, Cramer said BP has become a terrific company, beating earnings by 22 cents a share and paying a hefty 4.9% dividend yield. However, it is still being held back by litigation despite having $42 billion in reserves set aside for damages. Dudley said BP has always acknowledged there was a terrible accident in the Gulf of Mexico and immediately stepped up to meet all its obligations, which it has continued to do for the past three years. He said BP remains committed to paying all legitimate claims for damages but that process has been hijacked by broad interpretations of the company's settlement agreement. BP plans to fight against the illegitimate claims that have nothing to do with the oil spill. Outside of the litigation, Dudley said BP is not being distracted and has growth and momentum going in its favor with a huge pipeline of new projects in the works. He said BP will remain primarily an oil producer but it does have some natural gas projects in the works as well. When asked about rising gasoline prices here at home as our country continues to export gasoline and other refined products, Dudley said U.S. gasoline prices are set by the global price of oil, which has been once again on the rise. He noted that every time prices go up, the oil industry is investigated. Unfortunately, there is little the industry can do to break the global linkage.
Cramer said that he's a believer in BP, both the company and its ability to rein in the fraudulent litigation.