Cramer's 'Mad Money' Recap: Beat a Path to Navteq

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"Thank goodness it's speculation Friday," Jim Cramer told viewers of his "Mad Money" TV show, because then he could recommend Navteq(NVT).

"This $4 billion company, the No. 1 supplier of digital maps used in navigation systems, location-based services and geographic information systems, has been acting like deal bait," he said.

In fact, "Navteq is now rumored to be an acquisition target for Google-icious(GOOG)," said Cramer, which already uses Navteq for its Google Maps.

Cramer said he's talked about this pattern before with iron company Cleveland Cliffs(CLF). First comes the rumor that a company is an acquisition target. On that rumor, the stock spikes and people start buying call options. This has already happened with Navteq, he said.

"The third step is, in this dance, someone makes a bid for Navteq," he said. The stock is already a lot higher on rumors, but a "consistent trend in this market has been for the takeover to happen with a nice premium anyway," Cramer said.

And even in those rare instances when there's no takeover, "the stock usually doesn't fall," he added.

In this case, Navteq is a "great play, because Google has already said that it wants the company," Cramer said. "And what Google wants, Google gets."