with its commercial real estate-backed paper? considering the plummeting of office, mall and apartment real estate ventures? some of the worst banks, the ones that are most leveraged with bad commercial properties, all up more than 5%. can that be right? how about host hotels and starward, two pieces of roadkill that are now ramping? i mean, do people even take vague indications anymore? isn't at the height of absurdity for retailersle to rally so hard, given that the consumer's supposed to be on life support? and back to school season has been all but officially canceled? are all these moves just

downright insane? with very gone nuts and ventured blindly to the land of 1,000 bull dances? a question we always have to ask ourselves. the answer? call me the great equivocator. i say yes and no. yes, this whole rally is nuts if things get worse, but no, it's totally reasonable and right if things get better, and today i believe we got a powerful all-clear signal that things are in fact getting better. a piece of data that's truly definitive and respected, and it's been acted upon time immemorial, i'm talking about that labor department jobs report, that truly actually, yes, all-important jobs report. i know the media likes to report that every single piece of information is all important.

every one of these is treated by the press as sacrosangt, because they need a big story every day. that's my day book thesis. i used to be a reporter. the super-duper oil inventories, if that's how the press likes to report it, but the truth is not all pieces of data are created equal. to paraphrase that late great stock picker george orwell. none of these things means a hoot compared to an unemployment number, especially one as positive as we got today. while i've heard over and over how phony and rigged and jim yesterday these figures are or at least were with the last president, you have to figure the press loves obama so much, they'll conclude he's putting out conservative number. i wouldn't be surprised if the love affair with reporters will start telling obama to say let's underpromise and overdeliver.

like he's the ceo of a tech company, like he even has a chance to look at the number. come on. but the important thing is today's report shows the continuation of the trend that's pushed this market higher and higher. this is what i've been talking about. things are going from less bad to actually getting better. this rally is about getting better. i truth it, you should too. now, i've repeatedly told you that all bets are off if unemployment keeps skyrocketing, but the reverse of that is also true. jobs control this market. when you read through the earnings reports that have come out, the bias has been to leave tables of employment alone. the whole panoply of reports i've gog through, people don't want to cut anymore. the oil companies, they want to bring people back. i believe companies are trying to get their arms around whether they cut maybe too many jobs.

these managers are saying, wait a second, we don't need to cut any more jobs, let's wait and see. that's exactly what i think we're seeing right now, a cessation of firing until the smoke clears. we know that the june/july period of sustained order growth -- that's from cisco's ceo john chambers, not jim cramer, is the real. it's the reason why none of the rallies we're seeing is necessarily phony. i think they're the real deal. these moves are not to be distrusted not after important end that we've transitioning to actually better. it stands to reason these companies should begin to build again, with the idea that prices are going to appreciate. i disagree with that's the thighs, but they claim to notice their business, the hotels, we will travel again. we'll be able to pay off the mortgages that we thought we

couldn't. we'll lock in the low advertising rates, we'll be able to model toward 10% employment, not 12%. back to school season will be on and kids will likely get new clothes and shoes, who knows, maybe even spring for pencils and three-ring binders. a lot of good things can happen when the one thing that every company keys on comes through. a lot of goods can come when a company declares cease-fire on no more firing. big profits for the government, taurp will produce big profits. especially if -- knock on wood -- health care reform gets emasculated. the bottom line, we can't suddenly downplay the importance, the job number, the plays in this economy. not when we worship it. the moves we're seeing, they're rational.

well, they're rational now that the less bad to getting better thesis has been confirmed. no, it's not jimmy cliff. it's bob marley. "i shot the sheriff" but i should have shot the short sellers. you got the picture. let's go to brian in california. >> caller: boo-yah from sunny southern california. i want to ask you about trlg. >> unbelievable numbers. unbelievable numbers. just a second. >> caller: they beat on eps, revenue and gross margins, and still trading. what's your take? >> i think the fact they can charge $400 -- i go into the true religion in short hills mall where i live, and it's like for some holiday or birthday, i forgot what it is, i give my kids a $200 true religion gift certificate. my daughter opens it up and says, dad, that's one pant leg,

$400 jeans? but, yeah, the high-end jeans are selling like mad. it reminds me of how great whole foods are doing, how great urban outfitters are doing, in other words, true religion will go higher, not lower. the shorts are all over this thing. they will be wrong. one thing is great hospitality at true religion. they treat you like a king. let's go to matthew in massachusetts. sorry about last night. matthew. >> caller: hey, i have a it's always sunny and bright in massachusetts, boo-yah. >> i'm going to give you a smoltz boo-yah. 6. >> caller: boo, smoltz. what about the pros reverse stock split? >> there's a lot of talk about it. i want to urge them not to do it. here's why. first of all, there's no reason to do it if your stock is coming back as hard and fast as citigroup. what's the point?

most of the companies i do with reverse splits, it's like a muhammadali, you can run but you cannot hide. if i knew vikram pandit or any of these guys, i would be in their faces saying please don't do reverse stock split, you don't need to. wee don't we go to michael in my home state of new jersey. >> caller: a tgif screaming boo-yah to you. >> 142 off the garden stay boo-yah. what's up? >> caller: i'm concerned about the lawsuit of scrips. >> that's nonsense. plaintiffs file lawsuits like leaves in the window. that stock is at 16. we'll get that guy, glen tall, jethro tull, jethro glen tull, see if his 's on the "aqualung." i would not sell that stock.

dow up 114. the less bad is getting better. that's the right thesis. "i shot the sheriff" i should have shot the short sellers. k t.

one of mire absolute

favorite techs on semiconductor, that's 0-n-n-n, reported a thing of beauty the second quarter and raised guidance to boot. i think it's one of most speculative plays out this. it's been propelled by the mobile internet tsunami that i refuse to shut up about, and the 40 billion chinese wireless stimulus, as it gets 40% of its sales from china. even on the run since i first recommended it, they actually made these so they're custom, so now i won't throw them -- all right, i'll only throw one -- wow, that's bad. it's a commodity to proprietary

story. if you can find one of these in any sector, especially in tech, you probably have a big winner. this is a company that's transitioning from making basic components a commodity business that stivgs because -- well, let's say anyone can come in and compete with a nearly identical product, to creating a competitive market. :nnn semiis closing down some of is manufacturing facilities, because they're expensive, less necessary, especially when you have a pry pry tear design, and they're making more money after a hugely important metric for all these semis. now, the company delivered nine cents of earnings per share. that beat the street, which was looking for seven. that's gigantic.

11% for the previous quarter, on semialso has a stronger backlog that covers 90% of its risens for next quarter, that's up from 80% three months ago. this company has visibility. investors love of visibility. the street will pay more for a company's earnings when it can see them coming. that's another reason i like o.n. semi. after they had reported a terrific first quarter, which the stock was trading at $6, keith jackson, ceo, came on the show and was very positive. based on the interview i said the stock was still a buy. once again i want to hear from this bankable co, and i want to see if the stock did go higher. mr. jackson, welcome back to "mad money." >> thank you. great to be here. >> all right. keith, there's a couple things

that really intrigued me about this quarter. one of them was -- we had an unemployment data piece today which was pretty positive. you say on page 15 of your comp score -- and i always encourage our viewers to read that -- that perhaps your company got too lean. are you to the point where you're going to be hiring? >> yeah, i think one of the things we always prepare for, whichever direction the market is moving, you need to be anticipating. certainly, as we entered january period, things were not looking very well, so we took some aggressive actions and that's shown up. as we look forward to the second half, however, it's clear we're expanding as a rate quicker than anticipated, so we're hiring some direct laborers back as we speak. >> could that be related to the cash for clunkers? >> not yet, however it would be in q3/q4 time frame. it is related to what you

mentioned earlier, china with their stimulus, but also places like germany and other places like that. that's translating to additional consumer demand and more demand on our products. >> amazing turn from january. now, you talk about -- i want to talk about the internet mobile tsunami. you have oem customers, lg, motorola and samsung. tell our viewers what you do for those companies? >> we make products for all of their xwumer electronics, especially guys like samsung and lg, also the consumer appliances, all of which are being connected. people sometimes ask, where do they go? basically it's doing things like driving the lighting, the displays, driving the audio, things you can hearing. driving the batteries, controlling them for additional life. so anything that has to do with power in the system is where we fit. >> so i'm playing rock band, and

what -- well, one of the systems that you provide, the chips, if i had to say, okay, that's what on semidoes for my kids, bhald it be? >> it provides again the visual they see, the video. we drive those displays, and it provides the audio. we provide the power to the amplifiers, and do a lot of the processing for the signals that go into both of those things. in the joystick controllers we have sensors and driver that can predict the movement and translat into that electronic signals that makes the game work. >> okay, you really are the brains behind those games. that's very cool. now you talk about on page 8 of your transcript that had utilization rates at 60% for the second quarter, and you're thinking it could close in on 70%. i presume, like intel, when you start having higher utilization rates, every incremental percent

does flow through the bottom line? >> it does. we're expecting something like 70% fall-through from the revenues increased. >> do you think we're at a time -- are we -- i'm just going to say it. i think it's a golden age for the mobile internet. i think -- i have been on a mission to explain to people this could be as big as e-mail, could be as big as the net was, could be as big as when we first had the personal computer. this is a great opportunity to tell me i'm completely nuts. >> no, in fact, there is. there's so many different ways to get at that connectivity, through your gaming approach, through the communications approach, through the computing approach, all these different sectors are converging, which means multiple opportunities not just one like you've had in the past with the e-mail. >> are you taking big share from other companies? because there's got to be at least -- i know when you go from commodity to proprietary, you

must be able to offer something that nobody has. >> yes. we've been pretty vocal about the computing games we've had, those continue. they started in the desktops and now in the notebooks and netbooks. but also automotive is a good story for us as well. >> when you think of the computing end market, what am i getting in my pc that i've got that is you? >> basically every. power for the graphic cards, power for the display, for the cpu, the power supply for the whole company -- for the whole computer, i should say. so everything in there basically touching something from o.n. >> they've been to go it's not just a regular semi, mixed signal, tell people what mixed signal is? >> we do digital processing. i think that's pretty popular how signals are processed, but

we also have the analog. when you mix the two, you get mixed signal. the analog is good for driving signals like audio and video. >> keith jackson, congratulations on a fabulous quarter and for making our viewers money. appreciate it. >> thank you. >> guys this is at the heart of it. i know seep press semi is at the heart of it. there's many pieces to this tsunami puzzle, and on semi. i want you to stick with on semi, and keith jackson and the personalized disk that he made for me. i've been growing algae for 35 years.

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all week we've been traveling around the globe, creating the brand-new cramer a cramericaen foreign legion of high yielders to protect your portfolio from the one thing -- remember all these things we did? from the one thing that -- well, to protect your portfolio from the united states. whether you think this country is going in the right direction or not, you have to acknowledge that the truth is we're not in control of the course we're taking the way we used to be. not with massive deficits, not with the debased currency. or card check, which would put a jackboot right on the neck of the economy. don't take my word for it.

the other day cramer fave stephen colbert, had a of santa claus confiscate colbert's watch. >> look, it's karl marx in a red suit. >> socialism, ho, ho, ho. >> he's allowed to say that, i'm not allowed to say it, so i won't. i would have addressed emmitt goldman to more accurately reflect the -- inside the beltway as the ppd. we don't know what will happen in congress, but we do know in order to try to play it safe, you need some international exposure, some stocks that trade on foreign markets but also trade here as adrs. as the dollar goes down, the stocks are mostly immune, and pay hefty yields.

so far i've got -- let me go over the names. i've got sig and cpl, the two brazilian utilities. i've got the trp, which is the canadian pipe did not line. stat oil, the norwegian mad vikings of oil producer/adrian peterson. and yesterday, i have ako, a coke bottler and beverage distributor in chile, argentina and brazil. i think you should keep about 20% in foreign stock with juicy yields. just make sure you have international diversification. this is more like legion yars disease. what if you have a foreign dividend payer, something you can still catch the currency gains from a weaker dollar and still have exposure to a more

stable foreign market, but one that gives you exposure to america. that's iesibfi. the ka nad yanl garrickage company with an apt symbol, b.i.n. that's why they call it the loony. this is why they call it the loony. the last season of "the sopranos" has some great insight. i've recommended other garbage talks in the past, because we have a limitless capacity to create waste, wmi, which you know we like, republic services, those are great american companies. i want you to consider b.i.n., a canadian way, the takeover of the units by the great white north. it's the second biggest waste

company in cad are canada. 34 transfer stations, 22 landfills, 20 recycling facilities. it has its roots in canada, but a few years ago it decided to interthe u.s., and now gets 32% of its revenue from canada, that's all. the majority comes from the u.s., though the canadian business is more profitable, because they've been doing business there longer. it is question is why buy b.i.n. over a great company like waste management? maybe the garbage collection version of william shatner? waste management has the higher yield as b.i.n., which is expected to pay out 50 cents a share in dividends, but that's still pretty good. the answer is b.i.n. seems to have more room to improve, that should mean more room to increase earnings. the two big drivers are internalization and consolidatation, for garbage companies, the internalization rate is the percentage of waste they collect that gets disposed

at their own landfills. their is just 52%, the average guy is 65%, so they're looking to fill the gap by acquiring waste-holding company, a move that should give the company's margins and cash flow a boost. b.i.n. has a cleaner balance sheet, its dividend is marathon man safe, and yes, olivier would back me up on that, since the company's free cash flow per share is -- they could boost this pay outbig. here's the bottom line, garbage is as good as gold when it comes to protecting your portfolio. a garbage collector produces so much cash, it might as well be an atm. that's why i like b.i. nirks. pert your portfolio in the dumpster, just don't swill that juice.

tony in california, tony. >> caller: boo ya. >> fa millial boo-yah. great to have you. >> caller: i called before about republic services, and they were having a bit of trouble. now that their earnings are bit better, what do you think? >> i like republic services. i think it's fine, but of the three, i like bin and waste management much more. republic services is good. i would love to see them merge with bin, but we have a new antitrust department, no longer in the commerce department, so it's entirely possible that deal wouldn't get done. i like all three, but republic is my least favorite. let's go to rob in california. >> caller: hey, "mad money" boo-boo-boo-yah, where i'm looking at the pacific ocean right now? >> are you really? just make me feel awful. i'm looking at a toxic waste pit. what's up? >> caller: jim, i'm afraid the

federal government has taken a bad lesson from california. with all the wealth, income tax and revenue stream, we can't balance the budget. florida, nevada, other states like that don't even have income tax. i'm afraid we're going to end up with a weaker dollar or inflation, and in keemg with the foreign legion week, i'd like your pin of yamana gold. >> i think they've lost their way. i'm not kidding. i think they've had a series of mishaps. i like agniko eagle more, i like el dorado more, and you might as well buy the elg, too. we had t.j. rogers from cypress, saying the same thing you just did about california. can i go to dan in maine, please? >> caller: >> caller: cramer, a by chi town

voice from houghton, maine. i'm up here in real bear country, but i'm all bull. if would you rip the head off one of those bears for me, i would consider it a personal favor. go ahead, stld. with this cash for clunkers going into extra innings, there will be a glut of scrap on the market. is that good or bad for their bottom line? >> my mother always said don't talk with your mouth full. just a second. if you will to play the steel game, play aks, not one of my favorites, i was discussing it with my sfrend stephanie, i said, no. not high quality. so i say no to it, hey, you can play alcoa. that actually would work better.

b.i.n. is the foreign legion trash stock that could be a treasure. don't forget about the other legion nairs, stay with cramer. next, try to keep up with cramer, as he takes your calls rapid-fire.

it is time, it is time for "the lightning round" on cramer's "mad money," where everything is tired or kicking

back, i just ramp it all up. it's rapid-fire calls, one after another. you stay the name of the stock, and i say whether to buy or sell. i don't know the stock questions ahead of my time. my staff prepares the graphics on the fly. are you ready, skee-daddy? it is time for the lightning round. why don't we start with john in california. john. >> caller: spot on, boo-yah. >> what's up? >> caller: my stork is rdn. >> no, come on, man, that's a short squeeze. don't play it. don't get into that game. that's a pure short squeeze. don't you dare. let me throw in abk and pmi while i am at it. let me go to louis in new york. louis. >> caller: a big football

boo-yah, jim. i smell red, jim, but i smell green with targa resources. ngls, what do you think? >> was that something about josh beckett? no, okay. look, i think we just had michael in from l.i.n.e. i say no to yours, i say l.i.n.e., we've already done the homework. michael in maryland. >> caller: jim. >> michael. >> caller: happy dow jones friday boo ya to from you annapolis. >> i'm loving that. go navy! >> caller: my question is about water transportation, general maritime. i know you like nordic american. >> a lot of people didn't like that quarter. i liked it. they still have no debt. i have to side with that over general maritime. i'm sorry. how about steve in texas? typhoon. >> caller: yes! >> steve.

>> caller: big old texas how wide howdy boo-yah to you. >> caller: what's your take on lp, el paso? >> i saw that quarter come out. i've got to recommend. that one is going up big. it's headed up higher. you played the game right. mike in indiana. >> caller: big hoosier boo-yah, skee-daddy. >> how much fun did we have to see the hooziers. what's on your mind? >> caller: pbct. >> i like it. they have a balance sheet that is a man of steel. that balance sheet is the best of any regional bank i know. once sheila bair deciding to stop trying to kill citigroup, she's be transfer, memo to sheila, i actually no what i'm

talking about. i love her, a lot. i mean, i love her. charles. >> caller: draper utah boo-yah to you. >> caller: what do you think about comcast? >> it was a good quarter, i didn't think it was a bad quarter. it didn't have the growth. i would, but i prefer verizon, just because of the yield. there's room for everybody, but i like verizon's yield. nate in louisiana, nate. >> caller: hey, cramer, this is nate from shreveport, giving you an lsu world series boo-yah. >> holy cow, shreveport. hey, marcus is going to start this year. what's up? >> caller: i want to know about oxy, occidental petroleum. >> i like it, well-run company.

i think it has a play for your portfolio. i would sanction owning it. no, no, i'm going down to hector in florida right now. hector. >> caller: boo-yah, skee-daddy. >> what's up? >> caller: h.a.l.? >> i couldn't believe how well that stock acted after a quarter i didn't really care for, but you know what? i think oil and natural gas is going higher. that's good news for h.a.l. i want to buy it, not sell it. i think you got to keeper. let's do one more. let's go to kevin in florida. s. >> caller: hi, jim, big old boo-yah from the liquid sunshine state of florida. >> i loved florida, lived in the big bend, what's up? >> caller: with the recent cash for clunkers and the big demand for sodium silicate if ppg still

has room to run. >> ppg has room to run, because it's still got a high yield. i don't want to put too much on autos and go much more into china, but it has some exposure to the good ones. the reason you own ppg is natural gas prices low, and a great ceo, and best of all, it's moving to asia as fast as they can. get off your did you have, stop drinking did you have, and join cramer in ending "the lightning round." mary in california. >> caller: can you call me on -- when i call in can you call in on your house phone? >> sure, i'll give you my cell

number. >> caller: okay. >> you've got cramer. >> caller: yeah. hey, this is cramer. hi, cramer. hi. >> hey, mary, how are you doing? >> caller: i want to know about deutsche telecom. >> all right. all right. >> caller: yay! >> oh, definitely. >>. i've made sure, by the way, i watch my contacts with this juice. let me put something in my eyes. it's like visine. that's other real estate-owned, also known, of course, as -- oh, god, someone likd the middle part off. man, that's disappointing. tonight i'm creating the "mad money" foreign legion. that's right, we're going traveling.

norway. >> tonight i'm a proud honorary norseman, with viking-like abilities, and i ain't talking about those losers in minnesota. chile, so that's why we brought our the chilean sea bass. brazil, the land of plastic surgery and carnivale. we're head to go canada. the great white north, the land of celine dion. not bad in concert, and jim carrey. personally i prefgiselle and plc surgery. i'm jim cramer, i got four seconds left. i'll see you tomorrow. see? i had all the time in the world. and strategy... is all about information.

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earlier this week, we expressed tremendous outrage about the sec's decision to fine the shareholders recently from bank of america because of the merrill lynch fiasco.

we questioned why the shareholders should get hurt. why don't they go after the executives and couldn't figure out where the $33 million penalty figure came from. why, if this is a $5 billion matter we don't know more about it. judge raykoff, a very smarter riv quick judge from the federal district court in manhattan agreed with us, in an incredibly rare action, he actually stopped it. he halted the settlement agreement. we encourage this kind of courageous behavior and we want to thank a judge who obviously thinks like we do, that the whole thing was outrageous and we need to know more. frankly, i have to tell you there, should be more judges like that willing to stand up and make a statement the government isn't doing everything right. let's get e-mail. jim, is it possible we're seeing the u and w recovery at the same time?

if the fed says, listen, we're back on track, you will see first a market that will be happy, that's anti-inflation and a sense we are certainly on the v. >> jim, actually, think what happened, the stock moved up so much in advance, people felt like they can't champion it. that's how i felt. i saw that thing go up and said i ought to have gotten on it and i didn't.

i said i should have focused on it. i missed it, that was my bad. >> i think it will. if you want to have a coal play, i continue to recommend joy global now doubled since we first recommended it. i also like buseyers, directly in china which is what matters because china is serious users of coal. >> neither. if there's a big turn in the semiconductors and if they turn, then they start buying new equipment. we're closer to the cycle turning with them than before. i want you to stick with them. i would not sell it here. miss out on some "mad money"? now, you can get cramer sent to

your phone. send a text to 626221 mm.

with huntington bank moving up, bank of america moving up, i want you in citi. no need to overpay. i'm jim cramer and i will see you monday!

next up on kudlow, the new bull market hits another triple digit day. better jobs, turning point toward recovery, the dollar recovered, this is huge. does president obama deserve credit for the new bull market? chloe is 9 months old.

she is the greatest thing ever. woman: one little smile, one little laugh. - honey bunny. - ( coos ) we would do anything for her. my name is kim bryant and my husband and i made a will on legalzoom. man: it was really easy to do. - ( blows raspberries ) - ( laughing ) robert shapiro: we created legalzoom to help you take care of the ones you love. go to legalzoom.com today and complete your will in minutes. at legalzoom.com we put the law on your side.

tonight on the k"kudlow report." the new bull market hit another triple digit day. a positive streets report and the dollar recovered today, this is huge and does president obama really deserve credit for the new bull market and bull market strategies from two of the investment world's biggest titans, look at all the people waiting in the wings to give us advice how to work with this big bull. "the kudlow report" begins right now. good evening, everyone. i'm larry kudlow. welcome back to "the kudlow report" where we believe free market capitalism is the best

path to prosperity, for my theme of the new bull market. we saw a triple digit dow gain today of 1% across the board including a weekly straight rise in the major indexes and financials had a tremendous showing, up over 10% for the week, over 30% for the month. folks, my theme, find a bank you hate and just buy it. now, i may not be right about the new bull et recovery call. like everyone, i am a mere mortal. but with the passing of each day, including today's jobs and another crunching down for stock market bears, i do feel more confident about this bullish call. as always, we'll let you decide while we provide the information. one of the interesting things about the stock rally was the 1% on the dollar that rose strong against the index and gainsay intelligence the euro and yen