Cramer's 'Mad Money' Recap: I Scream for Big Screens

First, the company, which has a good long-term growth rate, is a cheap stock, he said.

"Stocks as cheap as AU Optronics do not stay that way for long," Cramer said. "This stock is a $21 stock." AU Optronics closed at $14.39 on Friday.

The second reason Cramer believes AU Optronics is a buy is because "it virtually pays no taxes."

The company, based in the Republic of China, receives technology tax incentives from the Chinese government, he said.

Death-anol

Ethanol stocks aren't broken, neither are ethanol companies -- "they are dead," Cramer told his viewers.

Ethanol is over and is "done for good," he said, emphasizing not to look at the weakness in ethanol as a buying opportunity.

"Sell it immediately," Cramer said.

On June 14, the day VeraSun Energy (VSE Quote) became public, Cramer told viewers to sell ethanol.

"Since then, every one of these stocks has been hammered mercilessly except Archer-Daniels (ADM Quote)," he said.

In addition, VeraSun shares have plummeted 26% since the IPO, Cramer said. So from now on, he's going to call it "Settin' Sun."

People shouldn't want any energy exposure now, and if oil goes back up to $70, people still should not get into ethanol stocks, he said.