Cramer's 'Mad Money' Recap: A Moment in the Sun

Smith said that while 2011 saw chicken wings at some of their lowest prices ever, 2012 has become the exact opposite, with wing prices the highest she's ever seen as a result of U.S. drought conditions. Smith said while she doesn't expect the record high prices to become permanent, there likely won't be any easing in the second half of this year.

When asked about the business overall, Smith noted that Buffalo Wild Wings is not seeing customers opt to stay home. She said that sporting events remain a popular draw for the restaurant chain and the menu still offers a great value. That's why same-store sales for July are already trending up 6.8%.

Turning to another possible negative for the company, calories, Smith said Buffalo Wild Wings decided to put calorie and nutrition information on its menus a full 18 months ahead of federal requirements to do so. She said customers don't necessarily come to the restaurants to eat healthy, so they're not seeing any decline in traffic as a result of the decision.

Cramer noted that Buffalo Wild Wings has the identical same-store sales growth as Panera Bread(PNRA) , yet Panera shares are soaring while Buffalo Wild Wings shares are floundering. He said the company remains a terrific opportunity for investors.

Phone Vs. Phone

"In yield we trust," Cramer told viewers as he pitted two high-yielding telecom companies, AT&T(T) and Verizon(VZ) , against each other to see which one is best for your portfolio. He said that while on the surface both companies may appear the same, in reality they're actually quite different.

When it comes to wireless, both companies reported strong results this past quarter. Both had similar churn rates and solid gross margins, said Cramer, making it a virtual tie. However, AT&T owns 100% of its wireless business, but Verizon only owns 55%. That key point, he said, gives the edge to AT&T.

When comparing dividend, it's once again a wash. AT&T now sports a 5% yield compared to Verizon's 4.5% yield. Both companies also have similar valuations, but only if you look at the PEG ratios, noted Cramer, and not just the price earnings multiples, which don't take into account a company's growth rate.

Turning to the company's other businesses, A&T has the advantage with its U-verse network, while Verizon is floundering a bit with it's FiOS offerings. Verizon, however, has the advantage when it comes to the amount of wireless spectrum it owns. AT&T takes a win with its data center business, though, and also has a huge head start when it comes to the iPhone.