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NEW YORK ( TheStreet) -- There are a lot of stocks being left for dead in this market, Jim Cramer said on Mad Money Wednesday. Fortunately, just as in your favorite zombie movie, many of these stocks will rise from the dead soon enough.
Cramer said one of the biggest names to get run over today was Chipotle Mexican Grill (CMG - Get Report) , down over $50 a share as the company posted a less profitable quarter and tepid guidance. But as investors fear Chipotle's hot streak may be over, Cramer pointed out that investors have been saying that for years and it never seems to happen.
Then there's the wholesale selling in the biotech sector as Gilead Sciences (GILD - Get Report) announced deep price cuts in order gain market share. Cramer said he still likes health care cost containment names like McKesson (MCK - Get Report) and biotechs such as Celgene (CELG - Get Report) and Regeneron (REGN - Get Report) . Investors just need to be aware that these names may head lower before they go higher.
Finally, Cramer gave the nod to some home-related stocks: Think Whirlpool (WHR - Get Report) and some names you might not think of, like the newly minted FreshPet (FRPT - Get Report) , both of which were strong on the day.
Executive Decision: Strauss Zelnick
For his "Executive Decision" segment, Cramer sat down with Strauss Zelnick, chairman and CEO of Take-Two Interactive (TTWO - Get Report) , the gamemaker that delivered a monster 25-cents-a-share earnings beat and raised its full-year guidance. Shares of Take-Two are up 25% since Cramer last checked in back in October.
Zelnick responded to the analysts who worry that Take-Two can't deliver on earnings unless there's a blockbuster release. He said analysts are overlooking that the company had five major rollouts over the holiday season and has a solid schedule of international debuts ahead of it.
Take-Two's latest NBA2K title saw very strong sales, Zelnick continued, but is also seeing virtual currency sales inside the game up 90% year over year. In China, the title has 24 million registered users that generate revenue and profits every month.
Zelnick also noted that consumers care about quality, which is why Take-Two pays close attention to the reviews and awards received. "We're very proud of our intellectual property," he concluded, "and we own all of it."
Loving the Magic Kingdom
It's a magical time to be a Walt Disney shareholder, Cramer told viewers. This company has transformed itself into a great American growth story.
Cramer said the Disney of old was a hit-or-miss company, with every good quarter seemingly followed by a bad one. But now Disney has become a consistent growth story, with no fewer than 11 franchises now pulling in over $1 billion in revenue annually.
Disney has just become too powerful an earnings machine to be ignored, Cramer said. The stock deserves a premium multiple for everything it offers shareholders. That's why he always recommends every parent buy shares of Disney for their kids.
Executive Decision: Dustan McCoy
In his second "Executive Decision" segment, Cramer sat down with Dustan McCoy, chairman and CEO of Brunswick (BC - Get Report) , the boats, billiards and fitness equipment maker that last week delivered a 6-cents-a-share earnings beat. Shares of Brunswick are up 34% since Cramer first recommended the stock a year ago.
McCoy painted a modest picture for Brunswick, saying the recession hit the boating business hard, and since then the recovery has been steady but uneven. He was encouraged, however, by a pickup in sales of used boats, which indicates people want to trade up and will soon be looking for newer models.
McCoy was bullish about Europe, a region where he said sales are great and Brunswick is taking market share.
Turning to bowling, McCoy said it was a difficult decision to sell Brunswick's bowling centers but in the end, with bowling evolving from a league sport to an entertainment sport, converting the centers to fit the new format was just too costly.
Finally, McCoy spoke about Brunswick's research and development efforts, saying his company continues to innovate and roll out new products and currently spends 3% of sales on research and development.
Cramer said this stock has only just begun its move higher.
In the Lightning Round, Cramer was bullish on Hewlett-Packard (HPQ - Get Report) , Alaska Air Group (ALK - Get Report) , Southwest Airlines (LUV - Get Report) , Hain Celestial Group (HAIN - Get Report) , Blackstone Group (BX - Get Report) and Mednax (MD - Get Report) .
Cramer was bearish on Ambarella (AMBA - Get Report) , Stratasys (SSYS - Get Report) , NPS Pharmaceuticals (NPSP) , VMware (VMW - Get Report) , Nabors Industries (NBR - Get Report) , OvaScience (OVAS) , FleetCor Technologies (FLT - Get Report) and Pilgrim's Pride (PPC - Get Report) .
Am I Diversified?
In the "Am I Diversified?" segment, Cramer spoke with callers and responded to tweets sent via Twitter to @JimCramer to see if investors' portfolios have what it takes for today's markets.
Cramer blessed this portfolio as properly diversified.
Cramer said he was also a fan of this well-diversified portfolio.
The fourth portfolio's top stocks were Johnson & Johnson, Hasbro (HAS) , Apple, Nike and Walt Disney.
Cramer said this portfolio was also "perfection."
To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.
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-- Written by Scott Rutt in Washington, D.C.
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