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Cramer said he doesn't fault CEO Marissa Mayer for Yahoo!'s troubles. The company was up against some fierce competitors, and shares of Yahoo! are up over 150% since Mayer first took over four years ago.
But the real story of the Verizon acquisition is how Verizon will marry Yahoo!'s assets with those it acquired from AOL to create a competitive edge against AT&T (T) , T-Mobile (TMUS) and a newly invigorated Sprint (S) , which shocked Wall Street with some of the best subscriber numbers in nine years. Shares of Sprint shot up 27% on the news.
There is a lot Verizon could do with Yahoo!'s many verticals, including sports, business and entertainment, and even more if one assumes that Verizon's shopping spree might not over.
Cramer said he doesn't feel that Verizon overpaid for Yahoo! as Verizon has strong management and a track record of making money, as it did with AOL.
Executive Decision: Tom Falk
For his "Executive Decision" segment, Cramer spoke with Tom Falk, chairman and CEO of Kimberly-Clark (KMB) , the consumer packaged-goods maker that just posted a 5-cents-a-share earnings beat, only to see investors flee on reduced growth forecasts, sending shares down 1.5% for the day. Kimberly-Clark currently sports a 2.8% yield.
Falk said overall volumes at Kimberly-Clark were up 4% for the quarter and currency pressures are not hurting the company as much as expected. When asked about China, he said Kimberly remains number two in the diaper market, but there is a ton of competition in the region that hurts pricing.
Elsewhere in the world, Falk noted consumers in Brazil are spending less while other markets are seeing spending on the rebound.
Innovation remains a key theme at Kimberly, Falk added, saying that there continues to be a lot of innovation in both the baby and feminine care segments, and his company will be introducing many new products in both categories.
Cramer remains bullish on Kimberly-Clark.
Cramer's Bipartisan Worries
"I'm starting to worry about the stock market," Cramer admitted to his viewers. With the average stock in the S&P 500 now trading at 20 times earnings, things are starting to look a little lofty, especially with a presidential election on the horizon.
Cramer said Donald Trump's tough talk on trade and overall protectionist stance would clearly be bad for companies that do business around the globe. But in fairness, Cramer said Hillary Clinton's agenda, which calls out price gouging pharmaceutical companies and suggests a transfer tax on stock trades, is also bad news.
Put simply, both platforms make stocks less valuable and neither candidate is good for business. The best we can hope for, Cramer said, is the likely outcome, more gridlock. But the possibility of a landslide by either party is still worth worrying about.
Executive Decision: Stephen Weisz
In his second "Executive Decision" segment, Cramer spoke with Stephen Weisz, president and CEO of Marriott Vacations Worldwide (VAC) , which last week delivered a 6-cents-a-share earnings beat and raised its full-year guidance. Shares of Marriott are up 28% since Cramer last checked in last October and are up 40% for the year.
Weisz commented on the notion that rivals including AirBNB would put companies like Marriott out of business. He reiterated that while AirBNB has a place in the world and has been successful, it doesn't compete directly with the type of offerings and customers Marriott has.
Weisz continued that he's long felt his company's share price was depressed, which is why Marriott has purchased over $600 million worth of its own stock and returned over $650 million to shareholders.
When asked about growth, Weisz commented that Marriott's new sales center initiatives have been very successful. When it adds resorts, it adds new sales centers, which are resulting in increased revenue and lots of new customers.
In the Lightning Round, Cramer was bullish on Taser International (TASR) , Gartner (IT) , MaxLinear (MXL) , Texas Instruments (TXN) , Amgen (AMGN) , American Electric Power (AEP) and Wynn Resorts (WYNN) .
Executive Decision: John Ferriola
In a third "Executive Decision" segment, Cramer checked in with John Ferriola, chairman, president and CEO of Nucor (NUE) , the steelmaker that posted a 3-cents-a-share earnings beat after new trade laws slapped huge tariffs on imported steel.
Ferriola said Nucor's performance this quarter can continue and is part of his company's long-term strategy for profitable growth.
When asked about the explosive growth in the auto market in Mexico, Ferriola explained that Nucor's new plant will sit right in the heart of the Mexican auto market and provide steel for countless vehicles. He quipped that while some auto parts have migrated to aluminum, steel will always remain at the heart of auto manufacturing.
Turning to the issue of those new trade laws aimed at curbing illegal dumping, Ferriola said imports dropped 31% after the new laws look effect and have created a level playing field for American companies.
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