In the Lightning Round, Cramer was bullish on Axiall ( AXLL), Checkpoint Systems ( CKP), Athenahealth ( ATHN) and Amphenol Corp ( APH). Cramer was bearish on Mako Surgical ( MAKO).
Doing Your Homework
In his "Homework" segment, Cramre followed up on a few stocks that stumped him during earlier shows. He said that Canadian Solar ( CSIQ), with its 300% move so far this year, is too risky and it's time to take profits and move on. He was more bullish on Xerox ( XRX), however, as that company is moving into higher-margin businesses. Cramer also opined on Boston Private ( BPFH) by saying that this is not his favorite bank and he much prefers Wells Fargo ( WFC), an Action Alerts PLUS holding. When asked about Nokia ( NOK), Cramer said he'd consider owning the stock for another 20% move higher as the stock did nothing when it reported a weak quarter recently. He was bearish on Tesoro ( TSO), saying that he's not a fan of all the refiners.
No Huddle Offense
In his "No Huddle Offense" segment, Cramer offered a memo to Michael Dell and Carl Icahn, telling both of them that Dell ( DELL) is worth, at best, $9 a share, the level at which the bidding war began. Cramer said it's no secret that PCs, Dell's bread and butter, are in decline and there are no new chips to fuel a major upgrade cycle. Meanwhile, Apple continues to dominate the high end, while companies like Lenovo chip away at the low end. And let's not forget the resurgent Hewlett-Packard ( HPQ), which can afford to give away PCs to reassert itself in the marketplace. For all these reasons, Cramer said Dell is just not worth its current $13 a share valuation. 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