Jim Cramer's 'Mad Money' Recap: Was This a Bad Market Day? I'll Take It!

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With this morning's headlines warnings of doom and gloom this earnings season, Jim Cramer told his Mad Money viewers Monday that if this is what bad looks like, then he'll take it!

Cramer said he's frankly puzzled by today's Wall Street Journal, which cited weak oil prices, low interest rates and a glut of smart phones as weighing down earnings this quarter. He countered with earnings from Pepsico (PEP) , an Action Alerts PLUS holding, which has rallied to all-time highs, Alcoa (AA) , which saw its beat earnings in years and Seagate Technologies (STX) with a surprise earnings boost that no one saw coming.

That news was coupled with CSX (CSX) , which had positive things to say about the U.S. economy, as did most of the airlines, including United Continental (UAL) and Delta Airlines (DAL) .

Even the banks managed to rally after three of the four majors posted numbers that vastly exceeded expectations.

As for the headlines citing slowing mergers and acquisitions, Cramer countered with today's $32 billion bid for ARM Holdings (ARMH) . So if this is what bad looks like, Cramer concluded, he'll take it any day.

Executive Decision: Brian Goldner

For his "Executive Decision" segment, Cramer spoke with Brian Goldner, chairman, president and CEO of Hasbro (HAS) , which today posted a 2-cents-a-share earnings beat only to see shares fall by 6.6%. Prior to today, shares of Hasbro were up 25% for the year as investors anticipated a picture-perfect quarter.

Goldner responded to concerns over rising inventory levels by saying that increased inventories were needed as his company continues to expand its global footprint and ramp up new initiatives for the third and fourth quarters. He said concerns over slowing sales of toys for boys are exaggerated and sales are actually 13% for the year.

Goldner said Hasbro's mobile gaming segment is seeing sales up 80% for the year, and his company will continue investing in that segment.

When asked about today's slumping share price, Goldner noted Hasbro increased the dividend by 11% this year and will buy back between $100 million to $150 million worth of Hasbro shares this year.

Cramer said rarely do investors get to buy a good company on a big down day, but today is that day for Hasbro.

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