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It's been an ugly earnings season, with widespread disappointments in just about every sector, Jim Cramer told his Mad Money viewers Tuesday. But now that earnings are winding down it's the perfect time to look for the winners, because winners tend to stay winners.
Who were the winners? Cramer said that Campbell Soup (CPB - Get Report) and Clorox (CLX - Get Report) posted strong results in the consumer packaged goods space. But he said the bet in show was Pepsico (PEP - Get Report) , with 3.5% growth that sent shares to an all-time high.
In the drug sector, Cramer praised Johnson & Johnson (JNJ - Get Report) with 7.7% earnings per share growth, and McDonald's (MCD - Get Report) in the restaurant sector with an amazing 6.6% rise in same store sales.
Other standouts commanding Cramer's attention were Accenture (ACN - Get Report) , the real estate investment trusts including Federal Realty (FRT - Get Report) and Ventas (VTR - Get Report) and any of the defense contractors.
Executive Decision: Brian Goldner
For his first "Executive Decision" segment, Cramer sat down with Brian Goldner, chairman, president and CEO of Hasbro (HAS - Get Report) , which posted another strong quarter on April 18, thanks to its many powerful toy brands including licenses for Walt Disney (DIS - Get Report) merchandise.
Goldner said Hasbro is seeing a lot of success from its Disney partnership, which includes both the Marvel comics and Star Wars. He said Hasbro typically releases toys six to eight weeks ahead of a movie's release and continues to see strong sales as the movies move into home video. More importantly, Goldner said the Hasbro treats Disney's brands like their own and people love their toys.
Beyond movie-related merchandise, Goldner is bullish on Nerf, a decades-old brand that still remains Hasbro's largest, and on international growth, which now accounts for a full 50% of the company's revenue.
Even a brand like Playdoh is growing, Goldner said, and remains a wonderful brand with higher than average gross margins.
Cramer remains bullish on Hasbro.
FANG Has Bite
It's amazing how well the stocks of "FANG," Cramer's acronym for Facebook (FB - Get Report) , Amazon (AMZN - Get Report) , Netflix (NFLX - Get Report) and Alphabet (GOOGL - Get Report) , formerly Google, have performed since first coining the term years ago, Cramer said. That's why Cramer took a fresh look at the four high flyers to see if they're still worth owning.
Cramer said that Facebook, a stock he owns for his charitable trust, Action Alerts PLUS, is still growing like a weed, with costs heading lower, giving it incredible leverage. Facebook is now a necessity for many people and advertisers are flocking to it.
Then there's Amazon, which just received a $1,000 a share price target from an analyst today, news that sent shares up 3.4%. Cramer said between Amazon's web services and the build out of its retail network prove that this company never rests.
Netflix is a bit more difficult to judge, Cramer said, as signups have slowed and costs have moved higher. But with shares down 20% ofr the year, Cramer said he's not willing to bet against CEO Reed Hastings.
Finally, there's Alphabet, another Action Alerts PLUS name. Cramer said the former Google continues to deliver on its promises while at the same time being more transparent about how it does so.
Executive Decision: Drew Del Matto
In his second "Executive Decision" segment, Cramer sat down with Drew Del Matto, CFO of cyber security company Fortinet (FTNT - Get Report) , which has seen its shares rally 37% over the past three months.
Del Matto said the transition to the cloud is adding a lot of complexity to the cyber security market. Companies now need an integrated solution that starts at the cloud and extends all the way to the Internet of things. That's why Fortinet has the software, services and partnerships to keep all of its 270,000 customers safe.
As for that Internet of Things, Del Matto noted that it's estimated that one-fourth of all security breaches will stem from those connected devices by 2020, making an end-to-end security plan even more important.
Del Matto also touted NATO as one of Fortinet's clients, saying the organization is under constant attack and his company continues to help it battle the threats.
Cramer said that Fortinet is a stock that he's liked for a long time and continues to like.
In the Lightning Round, Cramer was bullish on Ventas (VTR - Get Report) , iRobot (IRBT - Get Report) , Home Depot (HD - Get Report) , Workday (WDAY - Get Report) , PG&E (PCG - Get Report) , B&G Foods (BGS - Get Report) and Xerox (XRX - Get Report) .
Executive Decision: Mark Bristow
In his final "Executive Decision" segment, Cramer spoke with Mark Bristow, CEO of Randgold Resources (GOLD - Get Report) , which delivered a small earnings beat with aggressive cost cuts but failed to meet its production numbers due to setbacks at two of the company's gold mines.
Bristow said every quarter cannot be the company's best quarter and that every now and then there will be setbacks. He reminded viewers Randgold was still able to grow its cash position this quarter and continues to have no debt on its balance sheet.
Randgold is addressing the challenges, Bristow said, but noted it's hard to work in remote places. The fundamentals remain intact, Bristow continued.
He said that you still can't trust politicians or paper money, which is why gold remains in demand around the globe. The price of gold has risen 20% so far this year.
Cramer reiterated that every portfolio should include some gold, and the gold stock to own is Randgold.
To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.
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