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NEW YORK ( TheStreet) -- It's never too late to be more diversified, Jim Cramer told his "Mad Money" TV show viewers Wednesday as the markets seemed to turn on a dime, liking the stocks it previously hated while falling head over heels for the laggards it eschewed just a few days ago. Cramer said the parts of the three-legged stool of the U.S., Europe and China are all showing signs of weakness. While he doesn't think we're headed towards another global recession, the weakness is causing investors to think twice about which stocks they own. That's why the red-hot oil stocks have cooled and why some technology stocks such as Altera ( ALTR) have been offering up disappointments. Earnings from Caterpillar ( CAT) were a disaster, noted Cramer, but that doesn't mean there aren't stocks that are working. With commodity prices falling, companies that use commodities are coming back into favor. That means packaged goods companies such as Coca-Cola ( KO) and Hain Celestial ( HAIN) are good bets, along with secular growth names like Google ( GOOG) and Apple ( AAPL), a stock Cramer owns for his charitable trust,
Executive Decision: Mark McLaughlinIn the "Executive Decision" segment, Cramer spoke with Mark McLaughlin, chairman, president and CEO of Palo Alto Networks ( PANW), the network security firm that roared into the markets last July with an IPO that rose 26% on its first day of trading. McLaughlin said Palo Alto continues to deliver a next-generation security platform for enterprise networks that protects companies all the way down to the individual application level, something that no other company can provide. He said that applications are the new preferred way for bad guys to access corporate networks, which is why their technology is so crucial.
Executive Decision: Howard SchultzIn the "Executive Decision" segment, Cramer sat down with Howard Schultz, chairman, president and CEO of Starbucks ( SBUX), a stock that's up 21% since Cramer last spoke with Schultz in June. Starbucks is preparing to open its first Teavana tea bar in New York City tomorrow. Schultz said Starbucks has actually been in the tea business since 1971, but with its acquisition of Teavana last year the $90 billion global market for tea is now right for innovation. He said the new Teavana locations will be a place to buy and sample teas and will bring all the romance and theater that Starbucks brought to coffee. Schultz continued that Teavana is "not your mother's Lipton tea" as the shops will offer fine, exotic teas and the art of blending teas for that perfect cup. Schultz expects Teavana to become a new morning ritual for tea lovers, but unlike Starbucks, the chain will likely have fewer transactions with higher average ticket prices. Also unlike Starbucks, which grew up as a U.S.-based franchise, Teavana will be global from the start and will feature international locations long before the U.S. market becomes saturated. Schultz also went on the defensive, responding to allegations that Starbucks charges higher prices in countries like China. He said that while it's true the cost of a latte in China is more than in other markets, it's still comparable to others offering premium coffee in China. The cost reflects the investment Starbucks is making in its stores, people and supply chain as it gains a foothold in this new market.