Segment 1: Picture Perfect
Cramer said that the market looked perfect today because of the Facebook IPO generating interest in stocks, good earnings reports, and good economic news.
Cramer took phone calls on the following stocks:
General Motors (GM): Cramer said he likes Dana Holdings (DAN), American Axle (AXL), and Magna International (MGA) as auto plays rather than the automakers.
Enterprise Produce Partners (EPD): Cramer is bullish on this stock.
Segment 2: Hog Heaven
Cramer recommended Harley-Davidson (HOG) as a high end discretionary play because their business is booming, their market share is increasing, their target audience is doing well, and he thinks the stock is cheap.
Segment 3: Interview with Core Laboratories (CLB) CEO David Demshur
Cramer said that this company is likely to give you a bargain by pulling back after reporting a good quarter like it did today, since it has done that 5 of the last 6 quarters, and bargains are getting harder to find now. He talked to the CEO, and then said that he wants you to wait for it to pull back, and then buy.
Segment 4: Lightning Round!
United Rentals (URI): Cramer is bullish on this stock as well as Caterpillar (CAT).
Research in Motion (RIMM): Cramer is bearish on this stock, and recommended Apple (AAPL) instead.
LSI (LSI): Cramer is bullish on this stock and MagnaChip Semiconductor (MX).
AeroVironment (AVAV): Cramer is bullish on this stock,
Blackstone Group (BX): Cramer is bearish on this stock, and recommended KKR Financial (KFN) instead.
Segment 5: Am I Diversified?
Cramer reviewed the portfolios of callers, and made comments on the following stocks:
Merck (MRK): Cramer is bullish on this stock.
Health Care REIT (HCN): Cramer is bullish on this stock.
Gold ETF (GLD): Cramer thinks every person should own some gold.
Segment 6: Mad Money Overtime
Cramer said not to do anything with Amazon.com (AMZN) right now because it reported a bad quarter, but betting against the company has always turned out to be a mistake in the past. He wants to wait and see what happens next before making a decision.
