Cramer's 'Mad Money' Recap: Banks, Other Laggards Are Leaders (Final)
Taylor painted a bullish picture for Titan, saying that his company is firing on all cylinders, thanks to renewed strength in American manufacturing. He said companies like Caterpillar (CAT) are back where they should be, competing on the global stage.
That explains why Titan is hiring hundreds of new employees. Taylor explained that there is no school at which to learn how to build a tire, so Titan must train all of its employees, a process that can take up to one year. But once that employee is trained, however, Taylor noted that efficiency goes up, which is how Titan can deliver on its bottom line. Titan is currently hiring in Illinois, Ohio, Iowa and Tennessee.
Another factor going in Titan's favor, natural gas. Taylor said Titan is stockpiling natural gas at its record lows and that price is certainly helping the company's profitability.
Cramer called Titan a dominant player in its industry and urged investors to listen to the company's most recent conference call to learn more about its incredible business.
The Costco CrazeIn his closing segment, Cramer sat down with CNBC colleague Carl Quintanilla to discuss his latest documentary, "The Costco Craze: Inside the Warehouse Giant." Costco (COST) is a long-time Cramer fav and a holding at Action Alerts PLUS.
Quintanilla discussed some of the controversy surrounding Costco's lavish pay and benefits package for its employees. Costco currently enjoys one of the lowest turnover rates in retail, just 5% for employees that stay over one year, thanks in part to the company's pay package. Quintanilla said there doesn't appear to be any evidence that Costco's compensation is hurting its bottom line.
Quintanilla also discussed Costco's recent $5 membership fee hike, a decision he said the company agonized over for a long time, but in the end proved to be the right decision for the company.
Cramer said investors interested in Costco must tune into "The Costco Craze," which will be airing tonight on CNBC.
Lightning RoundIn the Lightning Round, Cramer was bullish on Digital Domain Media (DDMG) , Clean Energy Fuels (CLNE) , Michael Kors (KORS) , El Paso Pipeline Partners (EPB) and AFLAC (AFL) .
--Written by Scott Rutt in Washington, D.C.