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Stocks discussed on the in-depth session of Jim Cramer's Mad Money TV Program, Wednesday August 6.

The Resilience That Must Be Remembered: Sprint (NYSE:S), T-Mobile (NYSE:TMUS), Walgreen (NYSE:WAG), 21st Century Fox (NASDAQ:FOX), Time Warner (NYSE:TWX), Parker Hannifin (NYSE:PH), Sears Holdings (NASDAQ:SHLD), Exelon (NYSE:EXC), CVR Energy (NYSE:CVI), Enterprise Products Partners (NYSE:EPD), Kinder Morgan Partners (NYSE:KMP)

"Why weren't we hammered?" asked Cramer. On a day with a lot of bad news, the Dow rose 14 points. Sprint (S) was empty handed after the cancellation of the T-Mobile deal (TMUS), and many found this disappointing. Sprint fell 19%, because people were shocked at the Justice Department's decision to block the merger, and this may cast a pall on future deals. Walgreen (WAG) was down because it is not going to practice tax inversion, despite the fact it owns a European company, Boots. In addition, WAG lowered guidance. 21st Century Fox (FOX) cancelled its bid for Time Warner (TWX); no one believed Rupert Murdoch would just capitulate. Parker Hannifin (PH) is a good industrial, but reported an unexpected shortfall and took down industrial stocks even further. Europe has gotten bad; Italy gave a negative number for its GDP, and Germany is slowing down. The Russian sanctions are making things worse. Recession in Europe is now back on the table. In the U.S., interest rates are dipping, which is not good for the banks, but some banks went higher. Oil is down again.

Why didn't stocks decline? Vladimir Putin is making counter sanctions of agricultural goods, and this might have been good for the market, because it shows that he is still fighting with sanctions and not declaring actual war (at least for the time being), and agricultural sanctions are not as draconian as many expected. In short, investors were pleasantly surprised by the news out of Russia, which wasn't as terrible as feared. Retail also perked up a little bit on weaker oil. Consumer packaged goods benefited from low interest rates, in spite of weaker earnings of these companies, because they are considered bond equivalents. "This market demonstrated a resilience that must be remembered," said Cramer.

Cramer took some calls:

Sears Holdings (SHLD) is not a strong retailer, and is not a buy.

Exelon (EXC) is alright long term.

CVR Energy (CVI) is decent, but not the best. Enterprise Products Partners (EPD) is a better idea for growth and yield. Kinder Morgan Partners (KMP) is also good.

The remainder of Wednesday's Mad Money program was pre-empted by President Obama's remarks at the U.S.-Africa Leaders Summit.

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Source: Cramer's Mad Money - A Resilience That Must Be Remembered (8/6/14)