pradaxa is progress. if you have afib not caused by a heart valve problem, ask your doctor if you can reduce your risk of stroke with pradaxa. i'm jim cramer and welcome to my world. you need to get in the game. firms are going to go out of business and he's nuts! they're nuts! they know nothing. i always like to say there is a bull market somewhere. "mad money." you can't afford to miss it. hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends. i'm just trying to save you some money. my job is not just to entertain you, but to put this in context and teach you. so call me at 1-800-743-cnbc. cramer, do you like him or do you hate him? someone asked me that on the floor of the new york stock exchange today where i do my morning show, the squawk on the street. wanted me to predict what would happen.

would the average rally hard? i wouldn't take the bait. why? because this is a case-by-case market, not a market that is driven by the averages. so i refused to get into the day-to-day risk on/risk off nonsense. see, this market is radically different from anything we have seen in ages. predicting where the averages are going is a worthless exercise unless you're in the future pits trading the s&p 500. let me show you what i mean using individual examples of stocks from just today's trading to go underneath what is really happening and is being masked by the averages. consider the semiconductors. i favor cypress semi. we all love them, the semis. close observers of this show know i favor cypress semi, cw. t.j. rodgers comes on when they report. they sell this for touchscreens. and those have gone from a luxury to something we can't live without. i know the company has been saying that things were a little dicey of late, but last night

cypress still managed a shortfall that took my breath away. darn, i thought the semis were good. looks like a lot of the biggest customers like nokia, samsung, aren't ordering as expected. that is seriously disappointing. while cypress said positive things about later in the year, it was still very jarring considering the consistency of this usually terrific company. but at the exact same time, qualcomm and broadcom, two other big semi plays are saying positives. qualcom looks like it's going to be designed into the amazon kindle which should be fabulous for them. but both of those companies are levered to apple. one guy is levered to samsung, to amazon and nokia, and the other guys, well, they got better clients. the take-away, who cares about the nasdaq or the philly semiconductor index. we have big winners and big losers in the exact same sector.

sector analysis out the window. this morning we saw sienna reported a terrible quarter, but the stock rallied. meanwhile cisco said nothing. it went down. that's not supposed to happen. cisco is better than sienna. boy, talk about the oih. that was risk on. last year these stocks were trading in lockstep with the price of oil. this year they're all over the place. today we had a huge gain in ensco, offshore driller. but halliburton and baker hughes barely budged. why? because while oil is sky-high, gas is a new low. you use ensco to drill in deep water. baker hughes and halliburton drill for natural gas. hardly a day goes by without some natural gas producer cutting its drilling budget for the dry stuff. and then there is the oils themselves. price of crude rallied more than a buck today. hey, they're all supposed to go up, right? apache went up. chevron went up. nothing at exxon. occidental, which is the most levered of all the majors to oil went down. that's right. the one that should have gone up, the one that is really i think the best one if you want

to play oil, lost money. gold. all right. precious metal bounced back nicely today. it's good. a good bounceback. so you buy the miners, right? numont and gold corp were down. barrett gold barely budged. we're seeing these divergences all over underneath the averages. apparel. this group traded lockstep last year. lululemon up $2.60. deckers, the fabulous company behind uggs, fell more than 7 bucks. 9.8%. drug stocks, normally lockstep. how about today? allergan vaults, which you know we like so much, allergan vaults more than two bucks. merck and j&j fell. the dow rallied 78 points. you can see it in the rails, too. you know how important i think the transports are, but particularly the rails. i look at the rails to get a read on the whole economy, how it's doing. what are they saying? the economy looks great, if you check out union pacific. the economy looks horrible.

norfolk southern, lost a percent. question whether the averages did anything today more than signifying nothing. so some stocks did trade today together. the housing group had a huge move, in part because of rumors that the federal reserve may take still one more action to lower interest rates in order to ensure the economy gets going again. now that's no doubt motivated somewhat by the desire to prevent the market from being derailed by ever higher gasoline prices, but it was just a rumor. the banks were similarly able to mount a rally based on the rumor along with the possibility we'll get a deal in greece. a deal that was very much in doubt yesterday. but today is not in doubt and tomorrow will be in doubt again. i don't know. tomorrow is the big day. i like much more exposure to the federal reserve's housing actions. we saw some industrials rally like caterpillar and cummins, on the prospect some deal could be reached in greece. you would expect deere to move up, but it failed to do so. that made me believe that the rally of the big machinery plays

could fail again too. remember, they were only up a fraction what they were down yesterday. all this may seem confusing. i personally like a stock picker's market because i don't like etfs. it transcends issues that would have knocked the market down a second day after yesterday's hideous sell-off, something i thought really couldn't happen, but it did. now, that said, i reiterate that this is an excellent moment to go over what you own on a case-by-case basis and decide what might be too high versus other stocks in the same area, or may not be worth owning at all. because they simply aren't doing that well, and their weakness is being masked by the overall numbers. i would not back away from saying you've got a chance here to take something off the table. no one ever says that on tv that i know. i'm telling you, you can take something off the table. not a lot. i like a lot of stocks. it's worth doing given the major uncertainties, no greek deal yet, no sign that china is

cutting rates yet. no sign of iran. my charitable trust is lightening up on losers that have rallied. i'm relieved they're gone. i can't tell you i'm buying, that would be duplicitous. sure, the averages were up nicely today. but underneath there is plenty to like and plenty to hate. if you didn't lighten up today, i think you use the strength to sell the ones that deserve to be down or the ones that deserve a gigantic run. trim, trim, trim. schnitzel. and that's what i did with my charitable trust. i schnitzled. and be ready if we do scratch another across-the-board sell-off like yesterday. because while the average bounced, not everything bounced with them. and those who didn't, how much they would have been down if we didn't have a big bounce, thanks to just a day of hope which should never be part of the equation about greece, and a promise from the fed, maybe just a rumor, and nothing new in the iran/israel missile crisis that must be kept on the front burner in your head at all times until it's resolved. bob in michigan? >> caller: hello, jim.

wondering your thoughts on statoil, symbol sto. with the possible purchase of anadarko's assets in brazil and with the arctic region beginning to go up. >> i think they need to grow their weaknesses. they don't have assets. they're not replacing enough of their oil. i think it's a good company. it's going from not so good to better. statoil is a good company. it's getting better. how about stafford in oregon? >> caller: hi, jim. ba-ba-boo-yah. >> ba-ba-boo-yah back. >> caller: my question is regarding cummins. do you think the price of gas going up will affect their price? >> cummins has better and clean engines. but cummins trades with china. okay, it shouldn't because it's a big worldwide company. but if china doesn't cut rates, then you'll see what i regard as being a dead-cat bounce in cummins. china needs to cut rates for cummins to get back to its 52-week high. it's a case by case market.

it's a stock picker's favorite. i'm telling you what my charitable trust is doing, selling some of the strength, trimming back, getting ready for something that is not so great, and getting out of losers that have been taken up by this terrific tape. "mad money" will be right back. >> coming up -- >> today we're announcing the new ipad. >> what an ipad for every man, woman and child could mean for its stock. and later, date night. cramer is playing matchmaker as he clicks on a stock that could be love at first sight. can it have you and your portfolio living happily ever after? plus, alternative measures? as high oil prices continue to cause pain at the pump, one company is helping move cheaper nat gas from the ground to gas stations. cramer's exclusive with the ceo of chesapeake midstream partners coming up on "mad money." >> miss out on "mad money"?

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will people buy apple's new ipad? will the sales be good enough to propel apple still higher? talk about a half trillion dollar question that everyone in this world is discussing. so i'm weighing in too. first off, yes. i think they'll buy the suped up 4g high def device because i believe we're heading into a world where there is a chicken in every pot, and an ipad in the hands of every man, woman and child in the country. and some day the world. apple is cracking the big business market that is all desktop and laptop, which is still gigantic, by the way. judging by the specs of this new device, it has the power and the smarts to unseat the desktop and the laptop, at home and in the office. that's the target market.

the longer battery life, the 4g connectivity, it's a desktop computer, a television, and oh, yeah, a game console that fits into your briefcase with room to spare. look out, hewlett-packard. there may not be room enough for you guys. the ipad fits into an ecosystem that includes your phone at the same time that research in motion is going the way of nokia, meaning it's riding into the sunset for the corporation, the way that nokia rode into the sunset for the consumer. and unlike the greatest riding off into the sunset scene of all time at the end of "shane," nobody is screaming "come back, rim, come back!" plus, there may be this incredible new driver, and i want to call it the man, woman and child aspect of apple's ipad strategy. "usa today" which writes more and is more informed about apple, has a terrific article today about how apple ipads are getting passed down to kids so that new iterations can be bought by their parents. i'm going a step further and i'm saying that children are going to have to buy their own ipads

too in order to supplant textbooks. remember that deal? if no one in the house has an ipad, here is what is going to happen. the kids get them for school and then the parents fall in love with them. by the way, that was the progression for the original ipod where kids drove sales and parents joined in. now the real question, can you play apple the stock, i mean buy it because of the new ipad? a lot of action today, right? it was a fairly predictable pattern, like other patterns we've had with apple going back over the years. buy the run-up to the product introduction, and then sell the ooh and ah factor of the actual release, which is why the stock took a real dive this afternoon before going on to close up slightly. however, that pattern was indeed let's say broken by the iphone 4s release. that was viewed as disappointing. you didn't get much of a run-up. but that changed when people started realizing the 4s was revolutionary because of siri and not merely evolutionary because it was only the 4s and not the 5.

it was like a degas chart or a matisse. it had a nice run-up. i'm not sure we'll get that much more selling like we used to, if only because the demand for this product could be so tremendous, just like the 4s. so what is my bottom line here? i think it's too difficult to trade apple. may i suggest that you do something very different? invest in it, like my charitable trust has. apple is still cheap on earnings. it has the destructive technology tidal wave in its favor. the only thing against it is there could be some sort of fatigue over its relentless rise. that is not enough to cause a major drop from here. expect a huge buying opportunity dip that everyone is waiting for might not occur without an exogenous event. think israel/iran missile crisis. i think the new ipad will be a success. i think the stock is still cheap. don't trade it. own both. let's go to doug in new york, please. doug?

>> caller: hey, jimmy, how are you doing? >> all right. how about you? >> caller: wanted to give you leaving in seven days for las vegas boo-yah. and help me ring the register so i have some march madness cake for the trip. >> man, i'm liking that game plan. some of my buddies are trying to get me to go to vegas. you know what? i can't stay in vegas. i got to come back here and do two shows. so what are we doing? what are we debating? what's doug debating? why don't we go to gene. we'll go to gene in new york. geno? >> caller: big jim, gene from long island. question. ipad was released today by apple their new ipad. what affect will that have on qualcomm going into the future? >> i think qualcomm can go higher. they announced that buyback. i think it's a good stock. i want to reference stephanie link, my research's director for

my charitable trust, and says the better one is broadcom which has done nothing while qualcomm is going up. i second that idea. i want to go back to doug who we rudely cut off because something happened. doug? >> caller: that's all right. you're going to help me ring the register for cake for las vegas. here we go. i needed a pullback yesterday in the market, and i got it. thank god it gave it to me. i was looking at google. wasn't comfortable with apple. but google gave it to me yesterday. i got a couple of hundred shares yesterday at $595. but i'm not sure. what are your thoughts on google as a derivative play off of apple? >> not crazy about that. i think google and apple are really at war. while you mention the valuation, we know that apple is selling at an incredibly cheap multiple to earnings. google is not expensive, but it is more expensive as a multiple to earnings and a percentage of growth rate than apple is. you want a bite of the apple. here is what i'm saying. buy the ipad, own the stock.

what is the matter with having them both? stay with cramer. coming up, date night. cramer's playing matchmaker as he clicks on a stock that could be love at first sight. can it have you and your portfolio living happily ever after? and later, whether the dow soars or hits the floor, jim tries to help you stay on steady ground with "am i diversified?" all coming up on "mad money." ♪

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♪ i'm once bitten twice shy, babe ♪ >> for those of you who have been crushed, i mean annihilated -- >> sell, sell, sell! >> -- by the hideous action in the newly minted internet ipos, for everybody who bought dotcoms in the after market and is now regretting it -- [ crying ] -- tonight i'm giving you the antidote to these losers. that's right. i got a message for all the folks who become soured on the web already thanks to the weakness in stocks like pandora, the internet radio play that lost 24% of its value. hey, put that one back in the box. or yelp, the website that is down over 25% from its highs last friday the day it came public, not to mention zynga,

and groupon where i'm tired of hearing about hair laser on staten island. anyway, the message is simple. dotcoms aren't all losers. there are still internet companies that are actually making money online, as well as making money for you, the shareholder. you have to know where to look for them, though. where do you find these web winners? first of all, forget about anything that seems the slightest bit sexy. we're done with the sizzling red hot dotcoms. they rarely make money, something i thought we all learned decades ago when the dotcom bomb flew a generation of investors to pieces. but i guess some people have forgotten that lesson, otherwise they wouldn't have bid up yelp or zynga or groupon. when you have an ipo that has tons of hype, the only way to get a profit is by getting in on the actual ipo and then selling into the initial spike.

>> sell, sell, sell! >> i know i said this before. i'm going to keep repeating it until i'm blue in the face or people stop making the rookie mistake ofpaying up for these names after they've begun trading. to find the cure for these hot internet companies with no earnings that have already cost people fortunes the second time around, look for an overlooked and underrated dotcom that has been around the block a few times. in other words, an adult internet company. an adult internet company like iac interactive, symbol iaci, that has been quietly edging higher and higher, to the point where it's now barely more than a point off its 52-week high list. they own more than 50 internet businesses across 30 countries, dictionary.com, citysearch, urbanspoon, as well as recognizing the most profitable division, match.com. the most important thing about

this company, though, is that unlike all the recent internet ipos that are still trying to figure out their business models, iac has already been through its difficult formative years. it's a grownup in a world full of gawky, pimple-faced adolescents that have barely begun puberty. they were founded in 1986 by fineline. after being one of the hottest growth stocks of the '90s, the company made a huge series of acquisitions that ultimately caused iac to become so complex and so confusing that nobody could get their heads around it, not even management. finally in 2008 they broke themselves up into five separate companies to unlock value for shareholders. they spun off the home shopping network, along with their travel and leisure business. but they kept their core high growth internet business. however, because of the confused legacy, iac interactive has been dismissed or ignored or forgotten about by most investors, even though they have beaten the average three years running.

this is up 240% from march of 2009. last year it rallied 49%. so far the stock has already gained 10%. guess what. i think the move is far from over. the reason? iac interactive has figured out a formula that has allowed the company to consistently beat the estimates. as long as the stock remains underestimated and under the radar, i see much more upside ahead. 15 cent earnings beat with much stronger than expected revenues that rose 32% year-over-year. wouldn't you have loved it if pandora had done one of those today? how does iac do it? it's useful to compare them to dotcoms that can't turn a profit, pandora, yelp, groupon. pandora is a free online radio station. yelp is a vehicle for local deal ads, none of them profitable. they can all learn a lot from sitting down with the annual report of iac interactive.

match.com is iac's biggest business. it accounts for a quarter of the sales but nearly half of the profits. match was the original dating site. it was the first one. but the key here is match.com's subscription base business with 1.7 million core subscribers as of the latest quarter. with match along with the smaller niche sites for specific demographic groups like seniorpeoplemeet.com, the polar opposite of sexy, iac is something proprietary that people are willing to pay up for. in other words, they bring you in and then they get you to pay, which at the end of the day is what running any business is all about. this is how the game is played. not by giving away a commodity product and hoping eventually to lure in enough advertisers to turn a profit. by the way, last quarter match.com's revenues were up 46% year-over-year. incredible. and there is still plenty of room for growth as more and more people recognize that love, frankly, is a bit of a numbers game. and you can narrow down your

likes and dislikes and attractions, you have a much better hit ratio. now i remember, true story here, true confession. 28 years ago putting a classified ad in "new york" magazine to meet someone. hey, no accounting for taste. now you pay a tenth of that. it was $300. pay a tenth of that now. and i think you get a lot luckier. meet more of your match. how about iac's search segment? weaknesses in the broad search market, right, including difficulties at google. but in the last quarter they were up 35% year-over-year. that's spectacular. and on the conference call said that iac is outperforming competitors. how do they do it? they generate about half of their revenue, via downloadable enabled search tool bars. probably have one of these at the upper right-hand corner of your web bar. great thing about tool bars is once they're installed, you don't have to compete for clicks with other search providers.

so iac makes money until the user replaces their search bar with another one, which on average happens every six to 12 months. they have terrific online properties and a marketplace for service magic like angie's list, except with more traffic. you only hear about angie's list. not only is iac hugely profitable, the company has a history of buying back boatloads of stock. they reduced the share count by an astounding 42% over the last three years. in the last quarter alone, iac bought back $191 million of the value. i think it's a steal with 14.5% growth rate. hey, one times, it should be i can go one and a half without problem. the bottom line, you heard all these red hot ipos that come crashing down to earth. iac interactive, a boring old internet company that consistently produces fabulous results because they know how to play the game, the match game. and the stock is a perfect match for your portfolio. eugene in pennsylvania, eugene? >> caller: yes, boo-yah from york peppermint patty pennsylvania.

>> man, i got a york barbell shirt they sent me. i wear it proudly when i work out. what's going on? >> caller: oh, yes. i bought yahoo around two years ago. it was around $16. it's pretty much gone up and down, but stayed around there. >> yeah. >> caller: you said you thought it was a good investment because they have a lot of money behind them. i hear they're doing some reconstruction now. i was just wondering what your prediction is for the future for yahoo. >> i like the new ceo, eugene, but i still think it's a very challenged company. and while they have a lot of assets, they're worth a great deal of money. i can't be bullish on it until i see some sort of plan to really turn around the revenues. and i don't see it right now. so it's a weak hold until they get something going that is telling. they don't have a good story right now. once bitten, twice shy. so many people have been burned by the recent ipo mania surrounding internet stocks. i say go with the game. go with the match game. go with iac interactive. stay with cramer.

coming up, ride the lightning. take a nonstop thrill ride as cramer goes stock after stock. all your calls taken rapid-fire on the "lightning round." and later, whether the dow soars or hits the floor, jim tries to help you stay on steady ground with "am i diversified?" all coming up on "mad money." i think about the future every morning when i wake up.

i care about my car because... i think it's a cool car. i think it's stylish and it makes a statement at the same time. and i've never had a car like that. people don't totally understand how the volt works. when the battery runs down the gas engine operates. i don't ever worry about running out of battery power... because it just switches over to my gas engine. i very rarely put gas in my chevy volt. i love my chevy volt and i've never loved a car. ♪

it is time! it is time for the "lightning round." you say the name of the stock -- >> buy, buy, buy! >> sell, sell, sell! >> and you hear this sound. [ buzzer ] and the "lightning round" is over. let's start with mike in connecticut. mike? >> caller: hey, jimbo, long-time listener, first time caller. >> excellent. >> caller: i want to know what you think about avp. it has a 5% yield. >> they did declare the dividend and they're going to get a new ceo. so i would hold on to it. but i liked it at 22.

even though i didn't like it all the way down, my judgment is called into question on that. let's go to ken in colorado on that one. ken? >> caller: hey, jim. i'm calling you from the beach on sea of cortez in mexico. >> beautiful! i love it there. i was there a couple of months ago. >> caller: and gasoline is only $2.90 down here. >> love it. what stock we got there? >> caller: okay. the stock i'm interested in is hess, the oil company. >> i got to tell you, like the properties but i think it's poorly run. i don't want you to own hess. i would prefer eog. it is down from its high and it is a buy, buy, buy. >> tom in michigan. >> hello, jim. barrick gold, abx. it is down about 10%. should i get out? >> go with the gld. i think barrick is a swell

company, the stocks are in a bear market. but own the physical through the etf. the only etf i recommend on the show. i need to go to rita in california. rita? >> caller: hi. i have one question. your favorite stock in chinese baidu. >> no, the only shock i like in china is baidu. let's it's like when we ceded china but stillwell. walter in florida. hi. >> caller: boo-yah from boynton beach, florida. i have a stock i have been tracking for a while. it's called hico, hei. >> oh, i like it. military and aerospace. >> buy, buy, buy! >> that stock has come down and i want to pick at it. let's go to mark in hawaii. mark?

>> caller: hey, jim, how is it? boo-yah to you. >> yes, mahalo. >> caller: yeah, no problem. i want to ask about dell. >> i think dell is cheap. i think it's moving in the right direction. it only went down a dollar after reporting that bad quarter. i don't want to buy, but i do want to stick with it. i would put it in that category of a hold. helen in connecticut? >> caller: hey, jim. i'm asking a question for my son. what do you think about deere & company? de? >> i can't believe how poorly that stock has done. it is remarkable to me. i can't countenance selling it because it is too low. but if it goes to the mid-70s, i'm going to tell you sell. >> sell, sell, sell! >> mid-80s, remember it was at 87 and went straight down. deere is just not well run. they make great machines. but boy, they cannot deliver on the bottom line. let's go to andrew in florida. andrew?

>> caller: hey, professor cramer, ba-ba-boo-yah to you? >> always like that tenure. it's good to have. what is going on? >> caller: wondering about ibkr. >> i tend not to recommend the brokerage stocks because they're not doing well. but that outfit is doing well. it's okay. the yield is good. let's go to lyle in florida. lyle? >> caller: yes, boo-yah! >> boo-yah! >> caller: from the horse capital of the world. question on glw, corning inc. >> i don't know. remember when the guy came on and said everything was good and it turned out they were bad? that left a real bad taste in my mouth. i know the stock is so low that it seems like a buy. but i need more than that to be able to recommend a stock on "mad money." and that, ladies and gentlemen, is the conclusion of the "lightning round." [ buzzer ] >> the "lightning round" is sponsored by td ameritrade. [ male announcer ] lately, there's been a seismic shift in what passes for common sense. used to be we socked money away and expected it to grow.

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you know on "mad money" we adore stocks with fast growth. we can't get enough of stocks with high yields. but we almost never find both of these things under the same roof. and on those rare occasions when

you do stumble onto a growth stock with a notoriously b-i-g dividend, then you find yourself the holy grail of investing. they're two great tastes that taste great together, like chocolate and peanut butter. that's why i want to introduce you to chesapeake midstream partners, chkm. a natural gas gathering master limited partnership. it might sound risky when natural gas is acting so terribly, but it's just like the other mlps i talk about all the time. the company is a utility with simple long-term fee-based contracts that include minimum volume commitments. so they have limited exposure to the actual price of the commodity, even though the commodity is just doing terribly. plus chkm has a terrific parent company, chesapeake energy, that has been feeding them excellent assets in a range of unconventional plays, barnett, hainesville, marcellus, as well

as the mid continent region, all areas with lots of drilling that require midstream's infrastructure. the great thing about a high yielder with relatively fast growth is it consistently can raise its payout. some analysts see it boosting distribution by 10% annually for the next five years. that would be impressive. however, concerns, the dramatic drop-off in natural gas drilling. how is that going to affect the company? that's why i'm thrilled to have mike stice here to tell us more about the company and its prospects. mr. stice, have a seat. two announcements today. one, president obama giving incentives for low-fuel cars and that will include natural gas and he says cut through the red tape and build fueling stations. and ge and chesapeake announced a cng in a box, a way to make it so almost everybody can fill up.

now do these drive natural gas through your pipes? is there a longer term impact for your business? >> you bet. it looks like we coordinated these press announcements. >> it sure did. i'm so thrilled you were on today. >> i was encouraged by the administration's support for natural gas and more efficient vehicles. and cng in the box is going to allow consumers to have choice out there. so the opportunity to buy low-cost fuel, put in their vehicles and ultimately help the environment at the same time. the long-term effect on my business is more demand for natural gas, more needs for gathering infrastructure, more compression requirements. and that's what i do. >> now if i take that announcement about ge and chesapeake right, it seemed like i, like 63% of american homes heated by natural gas, might actually be able to use that natural gas, use it through the box to get it. but do i have the pipe that i need to get to my house, and does the rest of the country have it? are we matched up? and is that what i look to you for? >> yes, it is.

home fueling options are a reality today, jim. >> they really are. >> we can do that now. i personally don't have a home fueling option because i have a station right down the street. >> okay. >> but a number of my peers in chesapeake do have home fueling options in their home. the pipeline that delivers gas to your home is the very pipeline that can fill your car in the evening. >> i would go for that. i would save a fortune versus what i pay at the pump right now. people, when i recommended your stock, the first thing i said to them is jim, you've got to be kidding. how can that dividend possibly be safe? all you talk about is how companies are cutting back on their drilling for nat gas and increasing their drilling for oil. what could be a long-term off-setting impact to the worries -- the good ideas that we have about nat gas? >> you bet. that's one of the primary reasons i wanted to come on and talk to you. you always promote mlps. you're right to do so. >> they've been the best. >> 2011 performance was awesome. you can see how they beat s&p

500. they beat reits. they beat -- >> 2008 and 2009 didn't do so bad either. >> over 60% better performance. so mlps are a good space. but the point i want to make is not all mlps are created equal. >> right. >> there are mlps with price risks. chesapeake is 100% fee-based. even when we do processing, we do things fee-based. further to that point, we spend a lot of the time accessing that growth you talked about that comes from chesapeake. we have a unique formula in that we have a combination of low-risk business contracts which give us access to predictable cash flows. but then we also have access to that chesapeake aubrey engine of growth as they enter into all these plays. we have the number one or number two largest gathering footprint in each and every one of these plays. so back to your point about dry gas. there has been a shift.

i think everyone knows low commodity prices have left people shifting. but there is more infrastructure required actually than less in the liquid-rich plays. so all we've done is taken our engine of growth and applied it to providing liquid pipelines, gas pipelines, processing. fractionation. >> you have a switzerland approach. >> we do. we have both in our portfolio, and we do shifts from dry gas to liquid rich gas. >> wait a second, jim, you got to be careful of the affiliation of a company. that chesapeake can tell mr. stice what to do and can make him pay any price for the assets. >> it's just not true. we have one of the best in class governance models to go with it. my board is seven members, five of which have nothing to do with chesapeake, two members from chesapeake. i also have a conflicts committee with a very strong governance model that every transaction has to receive a fairness opinion from an independent third party. and my conflicts committee is three independent directors.

nothing to do with chesapeake or global and structure partners, my other gp owner. >> we mentioned in the introduction the possibility, some of the analysts and i feel that there can be down the road, without knowing what your board is going to say yet, consistent dividend hikes because of the growth of the industry. reasonable to say? >> well, there is no doubt that our distributions are going to continue to grow. if you go and look at our performance in the past, that's just going to continue. we've got an exciting growth in the future. >> so you're not going to be pinned down on that? >> i am not going to be pinned down on that. i'm not going to provide disclosure here tonight that i can't provide any other time. >> okay. to me it seems the business model would allow that. >> you bet. >> mike stice, president of chesapeake midstream partners. a good yield, hard to find these days. this is one of them. thank you so much. stay with cramer.

down 200 yesterday, up 70 today. greece yesterday good, bad, the ipad. what does it all mean? it's just another example of how sometimes you can't predict the direction of this wild market. that's why it's important to stick to the fundamentals, and the most important rule we teach here, stay diversified. you call and we tell you if you're diversified, maybe you need to mix it up little bit. can i just tell the people @jimcramer on twitter, stop saying we should stop this game because people get it right. i'm teaching here. go to somebody else's class. paul in california, you're our first caller. what have you got for me, paul? >> caller: boo-yah, looking for

a clippers/bulls nba final. >> clippers are a fun team to watch, boo-yah. they are. so is the thunder, which i think my friend aubrey mcclendon has a piece of. >> i've been in the game since the mid-80s. why are there no gold or master limited partnerships out there? >> jeez, that's a good question. i wonder whether they can get the tax treatment to do that. that's a good question. i know the south africans were very similar in that way. i'll check into that. that's a great question. that's a great question. see whether miners can do it. >> caller: okay, here is my notorious b-i-g dividend portfolio. i picked these stocks not just because of their yield, but their ability to maintain or grow their dividend. >> i like that. >> caller: my first stock that you don't mention too often is new york community bank. >> okay. >> caller: magellan midstream partners, navaros maritime partners, and merck and verizon.

am i diversified, jim? >> okay. [ clock ticking ] i always want to make sure that i have the right navios since there is a bunch of them. here we go. i don't mention new york community bank because my bank guys are always worried they're going have a crunch, and that the yield may not be safe. i think it is safe, but people tell me to be wary, okay. magellan midstream. verizon, you can't beat that yield. it's terrific. it's terrific. merck, a good yield. didn't like the quarter. and navios, i don't trust that yield for navios. i just don't trust it. i don't want to bank on it. you have to view that as a speculative situation, otherwise i'm going to say fine because they are indeed in different sectors. let's go to bruce in kansas. bruce? >> caller: yeah. a big 12 championship jayhawk boo-yah! >> i like that.

you know, i think although you're not going to be at the top bracket for me. my bracketology says don't go kansas. go ahead. because i did that last year and i got my head handed to me. >> caller: well, joe biden said cowboys were dumb. but i do know the alphabet. a is for altria. >> okay. >> caller: b is for bristol-myers. c is for conoco. d is for dupont. and first energy. what do you think, jim? >> well, let's play a little alphabet soup here. by the way, i couldn't find alphabet soup when i tried to buy it the other day. did they get rid of that or something? altria. oh, boy, we like it. i get heat when i say i like a tobacco company. but i do like the yield. dupont recommended just the other day. charitable trust. dupont, a very good ruling today that stock should be bought. bristol-myers, well, you know

what? the drug group is cool, but i still like bristol because of the yield. conoco, they're splitting into two. i think the business is terrific. we got oil, chemical, tobacco, bingo! let's go to lex in colorado. lex? >> caller: boo-yah, skee-daddy. >> hey, a tebow to be trained by peyton boo-yah back at you. >> greeting from the southern colorado foothills. the stocks are apple, aapl, health care, hcm, honeywell, hon, energy transfer partners, etp, conocophillips, cop. thanks, coach jim. am i skee-daddy diversified? >> all right. let's get right into it. honeywell. dave cote narrowed the range.

very good yield. right here a really big yield. health care. the other fellow mentioned new york community bank. i don't think i mention health care enough. that's a terrific reit. we have diversified industrial. a limited partnership and a health care reit. and i got to tell you, that is diversified with good yield and growth. that's what i want to see. congratulations to all our contestants for just breaking the bank and doing it so well. stay with cramer.

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ew. seriously? so gross. ew. seriously? that is so gross. ew. seriously? dude that is so totally gross. so gross...i know. there's an easier way to save. geico. fifteen minutes could save you fifteen percent or more. i've been waiting for this for a long time. this is going to be the big kahuna, a brand-new "american greed" that i cannot wait to see. it's the whole story on how the fbi brought down the hedge fund empire of raj rajaratnam. everybody in the business knew raj. he is larger than life. and the government got its man. all right. apple. i'm giving you a two fer. i say go buy an ipad 3 and own apple stock. stop trading it. stop tryinto