Those savvy investors who were smart enough (or lucky enough) to pick the right stocks were rewarded with huge gains over the past 10 years.

Here is Cramer’s list of the top 10 stock winners of the past decade:

Intuitive Surgical (ISRG: 491.39 0.00%) – up 1,407%
Coach (COH: 72.57 0.00%) – up 1,507%
CarMax (KMX: 30.32 0.00%) – up 1.663%
Cognizant Technology (CTSH: 72.37 0.00%) – up 2,285%
Southwestern Energy (SWN: 31.74 0.00%) – up 2,601%
Cliffs Natural Resources (CLF: 74.99 0.00%) – up 2,671%
Urban Outfitters (URBN: 27.48 0.00%) – up 3,599%
FLIR Systems (FLIR: 26.05 0.00%) – up 3,789%
Apple (AAPL: 463.97 0.00%) – up 4,962%
Priceline.com (PCLN: 536.73 0.00%) – up 4,962%

These top ten stock winners of the past decade all have one thing in common – they transformed their respective industries with innovative products and ideas.

Cramer doesn’t view all of the stocks on this list as a “buy”, so investors shouldn’t run out and just add these tickers to their portfolio. Market conditions have changed and the top 10 winners of the next decade are likely a completely different list of stocks. However, the investors that can identify those winners will be rewarded with a stellar investment performance.

The Wall Street Journal had published an article titled “Is a Crash Coming? Ten Reasons to Be Cautious”. On yesterday’s Mad Money show, Jim Cramer refuted those claims and showed investors 10 reasons not to be cautious or at least not overly cautious.

1. The WSJ stated that the market’s already very expensive with stocks trading at 20 times cyclically adjusted earnings. However, Cramer pointed out that stocks are actually the cheapest they have been in 30 years, when you take into account other factors.

2. The Fed is concerned about growth or lack thereof. To Cramer, this doesn’t seem like a bad thing. Would investors be more comfortable if the Fed wasn’t concerned?

3. There’s too much bullish sentiment in the market. According to Cramer, the market is extremely bearish right now. This sentiment is being shown in the vast sums of money that continue to be transferred out of stocks and into bonds.

4. Investors are worried about deflation. Cramer feels that there is more reason to be concerned about inflation. Cramer believes that Fed Chairman Ben Bernanke is an expert on fighting deflation.

5. Corporations still owe the government money. Cramer says that company’s balance sheets are getting healthier and delinquencies are falling.

6. Unemployment remains high. Cramer did acknowledge that high unemployment is hindering economic growth. However, he believes that high unemployment is already priced into the market.

7. Housing continues to struggle. Cramer also conceded that the housing market remains very disappointing. However, he believes that housing prices have bottomed and that higher prices are in store. The decline in housing starts should also help lift prices.

8. Labor Day is approaching. This hardly seems like a good reason to be bearish since Labor Day occurs every year. Cramer feels that stock fundamentals should be used in selecting stocks, not the calendar.

9.Gridlock in Washington. Cramer doesn’t see this as a bad thing. After all, the corporate world doesn’t need anymore wide-sweeping regulations passed.

10. Amber alerts. Cramer labeled this a “piece of vulgosity.” He believes that fundamentals have never been stronger.

Yesterday, Cramer celebrated the 1-year anniversary of the Mobile Internet index. The index has gained 29% over the past year, compared to only a 13% gain in the S&P 500 index.

Cramer also announced some key changes to the index in order to bring it up to date.

The worst performing stock in the Mobile index, Palm, has now been acquired by Hewlett-Packard (HPQ: 28.76 0.00%). And ADC Telecom (ADCT: 0.00 N/A) is in the process of being acquired by Tyco Electronics (TEL: 35.15 0.00%), so Cramer introduced Acme Packet (AKPT: 0.00 N/A) as the newest member of the Mobile Internet index.

Acme Packet makes equipment that enables fast delivery of voice, video, and data over the internet. The company has significant market share in this space and has been making great inroads into China. Acme’s largest customer is Verizon, which represents more than 10% of their business.

Cramer believes that Acme Packet stock is still attractively priced. The stock has a long-term growth rate of 26%, but only trades at a multiple of 22. However, since investors already have high expectations for this stock, investors should wait to buy on the dips.

As investors have flocked to industrials stocks like Caterpillar (CAT: 113.78 0.00%) and United Technologies (UTX: 80.57 0.00%) in recent weeks, Cramer’s CANDIES stocks have underperformed the S&P 500. In fact, Chipotle is the only stock to have outperformed the S&P 500 index since Cramer announced this list of CANDIES stocks on June 3rd.

Cramer is still very committed to these seven stocks and believes they are resilient enough to bounce back from their recent subpar performance. On yesterday’s Mad Money show, Cramer reviewed the earnings performances from the five CANDIES stocks have reported so far.

Chipotle
Cramer called Chipotle’s second quarter results “absurdly unbelievable”. Rising Same-store sales (SSS) and a phenomenal growth rate has this stock primed for further gains.

Apple
Apple reported an “insanely great beat” driven by strong Mac, iPod and iPhone sales. Even in Europe, Apple saw sales jump 66% despite many people writing off Europe as a “challenged area”.

Deckers
Deckers reported earnings that were $.13 above Wall Street’s expectations driven by a 34% growth in revenues. Cramer believes this demonstrates that the bull market is alive and well in the shoe sector.

Intuitive Surgical
ISRG reported similar strong growth with revenues up 34% and earnings $.15 higher than the Street was expecting.

Netflix
The one CANDIES stock that disappointed investors was Netflix. However, Cramer believes that investors over-reacted to NFLX’s earnings. “’m standing by it because of its stable and growing subscription business” said Cramer.

Netflix did beat consensus estimates and raised their guidance, but they also reported a 7% decline in revenue per customer. Cramer believes that Wall Street analysts are too focused on the declining revenue per customer at Netflix and ignoring its fabulous subscription growth. The number of Netflix subscribers reached 15 million this quarter, and increase of 42% from last year.

While Bernanke painted a fairly grim picture as he testified before Congress yesterday, former hedge fund manager Jim Cramer gave investors a more optimistic view on his Mad Money show.

Here are 10 positive signs for stocks that investors should be aware of:

1. China
The Baltic Freight Index has been up for three straight days after being down for months. This has been driven by increasing demand from China which seems to be experiencing a soft landing.

2. Brazil
It seems that almost every company is talking about Brazil on their conference calls. The Latin American country is becoming a serious player in the global economy.

3. Europe
One early surprise this earnings season is that the euro hasn’t dragged down quarterly results. The euro is now in recovery mode and European banks like Banco Santander [(STD: 8.46 0.00%) are much stronger than they appeared just a few weeks ago.

4. Financial regulation
The uncertainty surrounding the financial reform bill is now over. Yesterday, President Obama signed the bill into law and so now financial firms can begin evaluating the impact.

5. Gridlock in Washington
After passing massive reforms to the healthcare and financial systems, the Democratic-controlled Congress is likely to face more gridlocks in the future. The American public has expressed their dissatisfaction with President Obama and Congress and it is unlikely that Democrats will be successful in the November elections.

6. Bernanke
Interest rates are extremely low courtesy of Fed Chairman Ben Bernanke. He is aggressively working to get America out of its current economic doldrums.

7. Strong earnings
We have seen several strong earnings reports particularly from tech stocks like Apple (AAPL: 463.97 0.00%) and Qualcomm (QCOM: 61.07 0.00%), but also from 3M (MMM: 87.56 0.00%), United Technologies (UTX: 80.57 0.00%), and Eaton (ETN: 51.09 0.00%).

8. Cheap Valuations
Stock valuations are very cheap right now, especially when compared to the minimal rates you get from owning bonds right now. Cramer believes that stock valuations are the lowest that he has seen in 30 years of investing.

9. Investor sentiment
Investor sentiment has been so bearish recently…it can only improve from here. That means that a lot of market sellers can be converted to buyers which will lift the market higher.

10. Long-term Stock Charts
The big gains experienced by the markets last year are getting ready to drop off the long-term stock charts. This will make the current market levels look much more attractive which could make many technical analysts much more bullish.

Jim Cramer told investors on yesterday’s Mad Money show that Intel is “just too cheap”. It is astounding that Intel trades at a lower multiple than International Paper (IP: 31.47 0.00%) or Dow Chemical (DOW: 33.98 0.00%). Cramer said that he has never seen that happen before.

Cramer believes the market has oversold the entire semiconductor sector. However, the strong results from Intel along with bullish data from Novellus (NVLS: 47.97 0.00%) and ASML Holdings (ASML: 44.94 0.00%) point to reasons to be bullish on the sector.

Nvidia
Nvidia shares have fallen over 41% in 2010. The company supplies chips that power netbooks, laptops and smartphones. They also make semiconductors that power Adobe’s (ADBE: 31.855 0.00%) PowerSuite 5. Nvidia’s stock has been hammered this year, but Cramer predicts the stock will be one of the top gainers in the second half of the year.

Jabil Circuit
Jabil Circuit continues to report double-digit growth, but the stock has fallen 15% this year. The falling euro has negatively impacted the stock which has substantial European exposure. However, Jabil trades at only 7x consensus 2001 EPS. Wall Street expects revenues to grow 15% this year and 18% next year. With such a compelling valuation, Cramer recommends that investors buy the stock.

While the market has fallen 9% from its April highs, Mad Money host Jim Cramer believes the worst is over.

The financial reform bill appears set to pass. While the bill itself may not be entirely satisfactory to Wall Street, at least the market will not longer be weighed down by uncertainty.

The debt crisis in Europe appears to be contained. Just a month ago, Banco Santander (STD: 8.46 0.00%) was trading at a 52-week low, but has since jumped 50%.

It seems that the only remaining obstacles left to address are the Gulf oil spill and unemployment. Fortunately, it seems as though BP (BP: 46.87 0.00%) is nearing a solution to stop the oil spill. Of course it will take some time before the labor markets return to full strength.

Overall Cramer is very optimistic and he feels that we have already experienced the market lows for this year.

The financial reform bill has certainly caused some consternation among the financial stocks. Wall Street always hates uncertainty and the ambiguity of the 2,000 pages of the financial reform bill has caused plenty of it.

Yesterday, the Dow close down 268 points in what Jim Cramer described as a “horrible, stinking bad day” that was reminiscent of “Stalingrad or Verdun.” Well, maybe not quite that bad.

After looking at the carnage of the financial sector there is one stock that Cramer feels offers investors lots of upside.

Cramer describes Citigroup (C: 33.30 0.00%) as a “pitiful giant”. The stock has suffered from a mishandled attempt by the Treasury to sell their stake in Citi. These strong selling pressures have pushed Citi’s stock price down and there’s more still to come.

However, on a technical basis it appears that Citi is oversold. The Street.com technical analyst Tim Collins believes that the current prices provide a good entry point. He predicts that the stock could rise to $4.60 – $5.00 in the short term.

Cramer is even more positive on the fundamentals. He has faith in CEO Vikram Pandit and likes the firm’s mix of domestic and international business. Most importantly, Cramer believes that Citi has little exposure to housing which is once again become a huge problem area.

Cramer set a $12 price target for Citigroup over the long term. He recommends that investors buy Citi at its current levels.

Cramer pointed out that the earnings estimates for all of seven the CANDIES stocks have increased 30 – 50% year/year. The only exception was Deckers (DECK: 87.40 0.00%), which only increased by 15%. However, Cramer says “the analysts are wrong” about Deckers, and the stock is up 118% since last year.

A review of the seven CANDIES stocks:

C – Chipotle Mexican Grill (CMG: 371.63 0.00%)

A – Apple (AAPL: 463.97 0.00%)

N – Netflix (NFLX: 129.25 0.00%)

D – Deckers (DECK: 87.40 0.00%)

I – Intuitive Surgical (ISRG: 491.39 0.00%)

E – Express Scripts (ESRX: 49.665 0.00%)

S – Salesforce.com (CRM: 123.23 0.00%)

On the other end of the spectrum is Research in Motion (RIMM: 16.575 0.00%). This was formerly one of Cramer’s favorite picks, but stock has been delivering disappointing earnings growth. As a result RIMM shares are down 24%, but Cramer still doesn’t think the stock is cheap. Most Wall Street analysts agree and are suggesting that the stock price will go even lower.

It seems like Research in Motion may be the next Nokia (NOK: 5.04 0.00%) or Motorola (MOT: 0.00 N/A). Both stocks have substantial declines in earnings momentum and as a result they are now trading near their 52-week lows. Research in Motion is losing market share to Apple (AAPL: 463.97 0.00%) and doesn’t seem to have any product on the horizon to compete effectively with the iphone.