August 2nd - CVX MAS

Cramer first looked CVX Chevron Corp. who somehow had a bad quarter considering the current oil market and the great results from its peers. After that he still says it's still a buy. He made note how the company had a bad quarter and missed by 20-cents and it hardly went down, compared to other stocks that barely missed that went down huge. Cramer basically said that no matter what they do, or how bad they do it, the stock will still go up.

Closing Price: $65.97
After Hours High: $66.35
Percent Increase at High: 0.6%
Price Level Off Point: $66.32
Percent Increase at Level Off Point: 0.5%
Trades on NYSE
Sector: Basic Materials
Days to Cover: 3.4
% Held By Insiders: 0.05%
% Held By Institutions: 61.80%

As always I never short an oil stock, including an oil stock that misses their numbers. Not to mention the entire point that Cramer is stressing how bad news hardly took the stock down, so shorting makes little sense based strictly on the Cramer effect.

Next Cramer looked at the New York Times and an article about real estate and how with all the homes on sale that they need to be in top shape in order to sell. Cramer said the article doesn't give the pin action on how to make money off this trend. The stocks he recommended were FO Fortune Brands Inc. and MAS Masco Corp.

FO trades at over $72 so I will skip right to MAS

Closing Price: $26.55
After Hours High: $26.75
Percent Increase at High: 0.8%
Price Level Off Point: $26.65
Percent Increase at Level Off Point: 0.4%
Trades on NYSE
Sector: Industrial Goods
Short %: 2.9%
Days to Cover: 3.3
% Held By Insiders: 1.96%
% Held By Institutions: 91.20%

A few things to note here. Some pretty good after hours activity, but isn't reflected in the price increase unfortunately and a huge institutional holding in this stock of 91%! I-Watch shows no retail action (individual traders) in the stock so this looks like a stock controlled by the big boys. Not much to get excited about since there is hardly a price increase, but I also really don't want to bet against institutional holders at that high of a percentage. Maybe the funds will try to limit the float to force a run up and try to sell into it? Otherwise I don't see them selling a lot into a 10-cent price change.

Cramer then took a look at some of his recent picks that have performed well as well as some of his not so great picks. Assuming people only listen to the good, these sort of "reminders to viewers" can only help in people bidding up stocks again. There must be some new optimism (or maybe just new viewers) in the market since we are seeing more buying in the after hours and pre-market then we have seen in a long time.

Finally, Cramer played Am I Diversified.