In the Lightning Round, Cramer was bullish on Nike ( NKE), Under Armour ( UA), Blackstone Group ( BX), Ford Motor ( F), Lululemon Athletica ( LULU) and Enbridge Energy Partners LP ( EEP). Cramer was bearish on KCAP Financial ( KCAP), Permian Basin Royalty Trust ( PBT), Northern Oil and Gas ( NOG) and US Airways Group ( LCC).
In the "Mad Tweets" segment, Cramer responded to questions sent via Twitter to @JimCramer. Cramer said that he's not recommending Susquehanna Bank ( SUSQ), calling the Mid-Atlantic bank "fairly valued." He was also not a fan of IP telephony play Vonage ( VG), telling viewers to stay on the sidelines for now. Cramer did endorse Denny's ( DENN) as a speculative part of your portfolio, and was also still a fan of Wendy's ( WEN) and AFC Enterprises ( AFCE), purveyors of the Popeye's chain. When asked about Facebook ( FB), a stock Cramer owns for his charitable trust, Action Alerts PLUS , he said he still likes the stock, even after trimming his position a bit. Cramer was not a fan of Cobalt International Energy ( CIE) however, telling viewers to stay away. He was also bearish on Monsanto ( MON), offering up Agco ( AGCO) as a better way to play that sector.
No Huddle Offense
In his "No Huddle Offense" segment, Cramer said the shoe is officially on the other foot, with China and Europe lifting stocks higher and America dragging its heels and sending stocks lower. He said today's market action clearly showed the markets being buoyed by growth overseas, which was then helped by a decline in U.S. bond rates that spurred our housing stocks. But Cramer said it won't be long before the sellers return to beat-down U.S. stocks, even as many companies stand to benefit from not only Europe and China but the emerging markets including Brazil. To watch replays of Cramer's video segments, visit the Mad Money page on CNBC. To sign up for Jim Cramer's free Booyah! newsletter with all of his latest articles and videos please click here.-- 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