Netflix is up 225% since Cramer recommended it back in 2010, but not before sinking to $54 a share on a series of bad management mistakes. Since then, the mistakes have been rectified; with a host of new exclusive content, subscriber growth is on a tear. Then there's Deckers, makers of Uggs footwear. Cramer said after losing the eye of investors for several quarters, Deckers shot the lights out this quarter and is seeing its shares steadily rising. Cramer saved his commentary on the rest of the F.A.D.S. C.A.N. names for after the break.
F.A.D.S. C.A.N., Part 2
Continuing his followup on his F.A.D.S. C.A.N. growth stocks from 2010, Cramer offered up his analysis on F5 Networks, Amazon.com and Salesforce.com. Cramer said Salesforce.com, a stock that's up 155% since 2010, continues to power higher on every pull back. He said the company is stronger than ever with $3 billion in sales. Amazon.com is the only name in the list that's not back from the dead, as this stock never died in the first place. Cramer said Amazon just keeps coming at you like a zombie, crushing competitors while growing its sales and expanding its gross margins in the face of continuing pessimism. Finally, there's F5, the network equipment maker that also keeps making comebacks from anything that's thrown at it. Cramer noted this stock fell from $138 to just $67 a share, but has already crawled back to $84 on the back of a new product cycle.
In the Lightning Round, Cramer was bullish on Magnum Hunter Resources ( MHR) and Southern Company ( SO). Cramer was bearish on Federal-Mogul ( FDML), Applied Materials ( AMAT) and Cisco Systems ( CSCO).
Off the Charts
In the "Off The Charts" segment, Cramer went head to head with colleague Carolyn Boroden over the direction of the markets. Boroden's most recent analysis suggested that its time to get cautious, as the S&P 500 is approaching two ceilings of resistance where the markets could pause or even reverse course. She identified levels between 1,760 and 1,768 and also between 1,776 and 1781 as the trouble spots to watch for.