Also, Cramer turned attention to biotech companies that should thrive, even if the globe slows. "Biotechs aren't cyclical," Cramer explained, meaning their fortunes are not tethered to economic prosperity in the same ways as industrial stocks. Instead, they're secular growers, Cramer said. And of all the companies in the space, Cramer said Isis Pharmaceuticals (ISIS) is among his favorites. Find out why.
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In addition, Cramer talked about a company that has landed in the crosshairs of activist investor Nelson Peltz. "As part of my research for my new book "Get Rich Carefully" I studied every big name activist to see if investors could make money piggy-backing their moves," Cramer explained. And typically the research found it didn't pay; although there were some gains, they weren't any better than the broad S&P 500. "However, there was one exception—activist investor Nelson Peltz."
Cramer: Billionaire investor about to unlock value
Also, Cramer said "If you want to take the temperature of consumer oriented technology, then it's always worth checking in with Cypress Semiconductor (CY)." Talking about the state of the recovery, Cypress CEO T.J. Rodgers said, "Things are getting better but they're getting better slowly.Then, looking at the stock opportunity, Cramer said, "I think people should get on board. I think this is an inflection point."
In the Lightning Round Cramer said that his favorite utilities were Dominon (D), American Electric Power (AEP), Consolidated Edison (ED), and Southern (SO), in that order.