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Stocks discussed on the in-depth session of Jim Cramer's Mad Money TV Program, Wednesday August 21.

Housing Is Better Than Clothing: Lowe's (LOW), Home Depot (HD), Best Buy (BBY), Urban Outfitters (URBN), TJX (TJX), Macy's (M), Wal-Mart (WMT)

While some retailers, like Macy's (M) and Wal-Mart (WMT) reported disappointing quarters, other retailers like Lowe's (LOW), Home Depot (HD) and Best Buy (BBY) are performing well. Lowe's is up 29% and could go higher on strong same store sales growth. It is gaining on Home Depot, which is also performing well. TJX reported a strong quarter, but that was due to its home goods sector. The same is true of Urban Outfitters (URBN), whose Anthropologie segment made significant sales because of demand for housing related items. The takeaway from this is that home-oriented retail is performing well, but clothing is not so hot. If interest rates rise, even housing-related plays may get hit.

Madison Square Garden (MSG), Hain Celestial (HAIN), The Gap (GPS), Electronic Arts (EA)

The street was waiting to hear the Fed minutes, and the market was volatile on Wednesday, bouncing and then closing down 105 points. Now that the great event of the Fed announcement is over, stocks might get a breather, but the question is what sectors to buy. Banks are going to be punished by regulators, oils and industrials are getting hit, high-dividend bond equivalents won't fare well if rates rise and retail is a mixed bag. "It is hard to find sectors worth buying," said Cramer.

Cramer took some calls:

Madison Square (MSG) did not rise on good days, so Cramer would be careful.

Hain Celestial (HAIN) is not a stock Cramer wants to opine on until he goes through the conference call, but he likes the company.

Gap (GPS) is inexpensive, but it is worth waiting to see what will happen after earnings.

Electronic Arts (EA) has to come down, because it has had a significant run.

CEO Interview: Sandy Cutler, Eaton (ETN)

Eaton (ETN) is a diversified industrial that has expanded its electrics segment with the purchase of Cooper Industries. The company reported a 3 cent earnings beat, but revenues were a bit light and guidance wasn't as strong as expected. The growing electric segment ran into headwinds because of weakness in Europe and China, but with these two regions apparently in recovery mode, Eaton should see an upside. The stock has risen 12% since Cramer last spoke with CEO Sandy Cutler in April and has tripled since Cramer got behind it in 2008. Sandy Cutler said that slower growth will be the new normal, but the pace is likely to pick up in 2014. Margin and sales were up, thanks in part to the Cooper acquisition. When asked if ETN plans to spin off its vehicle segment, Cutler responded that the vehicle business is creating value for Eaton, and there is no reason to sell it.

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Source: Cramer's Mad Money - Housing Is Better Than Clothing (8/21/13)