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Cramer's 'Mad Money' Recap: CEOs Are Better Than Congressmen

How do Saks customers fell about their net worth at the moment? "At around 13200" where the stock market closed, "they're not feeling too badly," he said. But that could change come Jan. 1 with no deal.

Hurricane Sandy had an impact on Saks, forcing the closure of 11 of it 45 stores, including the flagship Fifth Ave., New York store. It also had an impact on projected sales, which are now expected to be flat after projected growth of 3-4%.

Still, Sadove said, he's optimistic, particularly as more shoppers use the Internet and other channels to buy. He called this a "transformative" moment for retail into which Saks is investing over $100 million. But Saks is also opening more of its Off 5th stores, which offer 40%-70% discounts on goods to shoppers looking for "brands and a deal."

Cramer said SKS is an inexpensive stock and a "very good call if you think the stock market is going to go higher."

Lightning Round

In the Lightning Round, Cramer was bullish on Syngenta (SYT) , Monsanto (MON) and Yelp (YELP) .

He was bearish on Cisco (CSCO) , MarkWest Energy (MWE) , Cirrus Logic (CRUS) , Parker Drilling (PDK) Alcoa (AA) and Carrizo Oil and Gas (CRZO) .

What's Up With YUM?

Following a 4% sales decline in China in the fourth quarter, Yum Brands (YUM) was downgraded by two banks. Then, last week, two other banks backed the parent company of Pizza Hut, Taco Bell and KFC.

Cramer said the China comparative sales were up 21% a year ago. He considers the recent slip in China sales a bump in the road. "When it comes to reading China," he said, "I say you give Yum the benefit of the doubt."

"China has new leadership and they will do what it takes to get the economy moving, and moving fast," Cramer said.

"Yum is not the kind of company to sit and wait for the China economy to improve on its own," he said. Yum's strategy is to expand from the tier one cities in China to the outer cities where costs are low and the competition is rare.

"If Yum takes a lesson from Altria (MO) and breaks up, I think the sum of its parts could be worth $77 a share," he said. That's up about 14%. The domestic business is strong enough to stand on its own and the international business is sizzling.

"I think the bulls are right and the bears are letting a short-term Chinese speed bump scare them away from what I regard as a great story," Cramer said.

"The story would be better if Yum breaks itself up into a fast-growing international company and a value-oriented domestic play. That could create instant profits for all aboard," Cramer said.

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