Cramer's 'Mad Money' Recap: Ride NYSE-Euronext Success

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"At the beginning of January, I named my three stocks of the year," Jim Cramer told viewers of his "Mad Money" TV show Tuesday.

He named Altria (MO Quote), which he owns for his charitable trust, Action Alerts PLUS, as his value stock of the year, Level 3 Communications (LVLT Quote) as his speculative stock and NYSE Group (NYX Quote) as his growth stock for 2007, with two runners-up in each category.

Even though Altria is down a bit and the NYSE has not moved, Cramer said he's not backing away and suggested backing up the truck for all three, especially NYSE.

NYSE has been "crushed" because of "arbitrage pressure," he explained, which means people have been buying shares of Euronext and selling NYSE to make an "itsy-bitsy profit on the merger."

But now the merger can finally close next week, and Cramer believes NYX is going to be a "kicking and screaming" stock. The bears are not going to be able to ignore it when the deal is completed, he said. The "bum analysts" are going to have to raise their earnings estimates for next year.

"I believe that you have to buy NYX now before we see the pin action of the analysts capitulating" and because of the short squeeze that should occur because of a dearth of supply, Cramer said. "At $93 and change, I see NYX jumping back to at least its 52-week high of [more than] $110 a share."

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