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NEW YORK ( TheStreet) -- In January, every important market metric was breaking bad, Jim Cramer told his Mad Money viewers Tuesday. But in February the facts have changed and the markets are breaking good in a big way.
Remember January, when the euro was in free fall and investors feared the U.S. dollar could spike another 10% higher? Well, Cramer said things in Europe have been starting to turn ever since that feared Greek election concluded.
And what about oil? Just last month it looked like $30 a barrel was in our future. But now we've seen a 19% rally as oil picked up a quick $10 a barrel gain.
But the good news doesn't stop there, Cramer said. Weak retail sales have been countered by some of the best auto sales we've seen in years. Meanwhile, interest rates have steadied, sending the financial stocks higher. Even copper, a barometer for growth in China, is signaling that maybe, just maybe, the world isn't ending after all.
It seems like February is shaping up to be a complete "do-over," Cramer concluded. Every metric that was bad is now good. Investors can try to fight it but the facts speak for themselves.
Executive Decision: Richard Kinder
For his "Executive Decision" segment, Cramer spoke with Richard Kinder, chairman and CEO of Kinder Morgan (KMI) , the oil pipeline operator that posted a strong first quarter and expects to yield 4.8% by the end of 2015. Cramer currently owns shares of Kinder Morgan for his charitable trust, Action Alerts PLUS.
Kinder said he doesn't see low oil prices being sustainable over the long term, which is why he's planning for oil to be between $65 and $75 a barrel. While he's not sure exactly when prices will return to those levels, Kinder said demand will dictate prices higher than they are today.
When asked about the low-price environment, Kinder confirmed there are plenty of opportunities for acquisitions and rollups, which is why Kinder has already made one deal, paying $3 billion for Hiland Partners in the Bakken shale.
Turning to his company's debt load, Kinder said he's always been confident that debts can be serviced while still paying out the returns that shareholders have come to expect.
Finally, Kinder said that with a new CEO coming in, he plans to stay involved in all the company's big deals and projects although he won't be running the day-to-day operations.
Cramer proclained Kinder Morgan his favorite name in S&P 500.
What's the verdict on this quarter's earnings? Cramer said once again, expectations were everything as investors reacted not necessarily to the earnings themselves but to what they thought those earnings should've been.
In a nutshell, Cramer said there weren't many surprises this quarter. Domestic companies did spectacular while internationals were, let's say, sub-optimal. While the domestic companies benefited from higher job growth and lower commodity costs, internationals for the most part suffered from currency issues.
But as is always the case, expectations ruled the day. Alcoa (AA) delivered results that were better-than-expected on every line item, Cramer noted. Since shares ran up going into earnings, they only disappointed after it reported. Meanwhile, Honeywell (HON) shares didn't rally ahead of their report and promptly took off afterwards.
In tech, it was a mixed bag, with Apple (AAPL) , an Action Alerts PLUS name, incredibly strong and surprising even the most bullish of analysts while the component makers largely only met expectations, sending shares lower.
Cramer once again reiterated his buy on Facebook (FB) , another Action Alerts PLUS favorite.
Executive Decision: Drew Del Matto
In his second "Executive Decision" segment, Cramer sat down with Drew Del Matto, CFO of Fortinet (FTNT) , the cyber security company that delivered a 26% rise in revenue but also issued tepid guidance as the company continues to invest heavily in its growth.
Del Matto offered viewers a look at Fortinet's real-time threat map, which displayed attacks against networks as they were occurring. Del Matto said the frequency and intensity of the attacks shown of their map is only increasing.
Del Matto continued that companies can no longer afford to think of security as an add-on to their networking hardware. Today's networks need to be built with security first, he said, especially now that networks contain larger and larger amounts of not just corporate information but also personal information.
When it comes to security, integration also matters, Del Matto said. Systems that are designed to work together seamlessly protect far better than those that aren't. That's why Fortinet offers complete integration with all their offerings.
Cramer said Fortinet is a stock that should be trading a lot higher given the direction cyber attacks are heading.
Executive Decision: Sandy Cutler
In a third "Executive Decision" segment, Cramer checked in with Sandy Cutler, CEO of Eaton (ETN) , the Action Alerts PLUS holding that just delivered a 7-cents-a-share earnings beat on the best organic growth the company has seen since 2011. Shares of Eaton popped 8% on the news.
Cutler painted a bullish picture, saying Eaton had a great quarter and a great year. He said electrical, which makes up a third of Eaton's business, remains strong, as does trucks and aerospace, all of which continue to see good momentum.
When asked about lower oil prices, Cutler explained that while he expects sales to the oil and gas industry to fall in 2015, for every other segment of the economy lower oil prices are a good thing, which is why he expects oil prices to be net neutral for Eaton.
Finally, when asked about returning capital to shareholders, Cutler said Eaton bought back 2% of its shares last year and will be talking more about capital redeployment in June of this year.
Cramer said that Eaton continues to deliver for its shareholders.
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-- Written by Scott Rutt in Washington, D.C.
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