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Stocks discussed on the in-depth session of Jim Cramer's Mad Money TV Program, Tuesday April 29.

CEO Interview: Kevin Plank, Under Armour (NYSE:UA). Other stock mentioned: Nike (NYSE:NKE)

Under Armour (UA) is opening a new store in Soho, New York City. "We have the opportunity to be the number one brand in the world," said CEO Kevin Plank. When asked about competitor Nike (NKE), Plank responded, "This is not a zero sum game," and there is room for several players. "We have a multi-dimensional brand." The brands are geared towards getting people more active and involved with their health. "We know more about our cars than we know about our own bodies," said Plank.

UA is concerned with tying science and analytics into apparel and equipment. Cramer pointed out that UA's stock has been under pressure and trades at a high multiple. Plank pointed out the company's aggressive growth trajectory as creating potential upside. "This is a $10 billion brand that currently has just under $3 billion revenue." Cramer pointed out that UA will have to spend a lot of money to invest in the brand, "Are you in the spend too much to win cohort?" Plank discussed the return on investment in the business through growth and increased sales worldwide. Every segment is growing, not just a few, said Plank.

Flashback To 2000 Strikes a Minor Chord in the Markets: Twitter (NYSE:TWTR), Panera (NASDAQ:PNRA), eBay (NASDAQ:EBAY), Intel (NASDAQ:INTC), Microsoft (NASDAQ:MSFT), Cisco (NASDAQ:CSCO). Other stocks mentioned: GW Pharmaceuticals (NASDAQ:GWPH)

Even on a benign day, when the Dow rose 87 points, there is "turmoil" lying beneath the markets. Insider selling and an IPO glut combined with a decline in interest rates has created a "minor chord." Many people are making analogies between the current market and that of 2000. Twitter (TWTR) barely beat expectations, Panera (PNRA) guided below expectations and eBay (EBAY) gave an earnings miss. These companies, since they are momentum names, need to beat estimates and raise guidance. There is anxiety that the Nasdaq will fall and bring down the S&P 500 with it, as it did in 2000-2001, but Cramer feels this is overly pessimistic. In that year, Intel (INTC), Cisco (CSCO) and Microsoft (MSFT) brought down stocks in other sectors, but Cramer doesn't see a decline in the entire market, as in 2000-2001.

The problem seems to be with momentum stocks specifically. The backing of momentum stocks now, as then, seemed to be only because these stocks were (until now) going higher, not because of long-term fundamentals. Now, as then, there has been a flood of new IPOs, not all with sustainable gains. The competition is going to be too fierce for all of these companies to survive. The drumbeat of selling was persistent in the 2000 period because supply was overwhelming the market, and some of this is playing out now. Industrials, old tech and retailers are the right places to be, and are not likely to suffer along with "new tech."

Cramer took a call:

GW Pharmaceuticals (GWPH) is likely to go higher, and GWPH is one medical marijuana stock that is viable.

CEO Interview: Ben Baldanza, Spirit Airlines (NASDAQ:SAVE)

Spirit Airlines (SAVE) is a small, low-cost airline that has a strong business model. It charges the lowest rates on no-frills flights. It has been profitable for years and has plans to grow the business. The company beat estimates by a penny and reported in-line revenues. The stock fell 2.89%, but Cramer thinks that is because the stock ran up ahead of the quarter. It has gained 30% since Cramer got behind it in November, and trades at a low multiple of 15.

One reason for the decline was that there were four times more cancellations due to weather so far this year. However, this has improved along with the weather. The company is growing 15%-20% a year, and SAVE is adding new routes. The total price of a Spirit ticket is 40% less than other carriers. CEO Ben Baldanza said, "Our customers are the smartest .... they spend less money getting where they are going and more money doing what they want to do when they get there." With fares going higher in the industry, "we are breaking that paradigm." Cramer thinks SAVE is an airline that makes a lot of money.

CEO Interview: Sandy Cutler, Eaton (NYSE:ETN)

When the economy improves, it pays to have a few industrials in a portfolio. Eaton (ETN), a holding in Cramer's charitable trust, designs electrical equipment, hydraulics, power management systems and other products. With the rebound in non-residential construction, Eaton may see some upside. The stock yields 2.6%. The stock fell 3.15% after it beat earnings by a penny and reported in-line revenues. However, the street perceived its guidance as downside because of unexpected restructuring in its hydraulics business. The stock has quadrupled since Cramer recommended it in 2008 during the Great Recession. Cramer asked CEO Sandy Cutler about the "mixed picture," but Cutler discussed a 4.5% increase in organic growth, which is the strongest he has seen in 2 years. Operating earnings were up 21%; "By any measure, it was a strong quarter," but the weather and other factors caused some one-time issues. "We have not changed our guidance," but the restructuring costs make it seem lower. Eaton actually affirmed guidance, but the street wanted Eaton to raise it.

April seems to be stronger than the winter. There was some dislocation in orders because of the weather, which Cutler says have been delayed for the spring rather than cancelled. Eaton is headquartered in Ireland; previously, it was located in Cleveland, Ohio. This change occurred when it acquired Cooper Industries, and the location in Ireland provides some tax advantages. Eaton is paying off debt and is continuing the transition from the Cooper acquisition. Cramer suggests doing some homework before buying.

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Source: Cramer's Mad Money - Is Under Armour Spending To Win? (4/29/14)