Cramer's 'Mad Money' Recap: When Buffett and Cramer Concur

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ConocoPhillips (COP Quote) and Union Pacific (UNP Quote) are both Buffett-owned stocks Cramer that encourages viewers to buy. UNP, which he owns for his charitable trust, Action Alerts PLUS, is his rail of choice for value, and COP is a triple-buy, he said.

Furthermore, Cramer said, he considers US Bancorp (USB Quote) "a serious buy" because of the stock's great yield and big buybacks and because it has consistently raised its dividend over the past few years. On the other hand, Cramer called Buffet stock M&T Bank (MTB Quote) "scary" and said would get out of it.

In contrast,American Standard Companies (ASD Quote) is a company Cramer believes "still has legs -- 15 points worth of legs."

Cramer also said he likes Norfolk Southern (NSC Quote) and considers WellPoint (WLP Quote) among the best health containment companies.

Cramer said he can't comment on General Electric (GE Quote) but that it's been a winner in past weeks.

Also, once the UnitedHealth (UNH Quote) (a stock he owns for his charitable trust) and Sierra Health Services (SIE Quote) deal closes, Cramer said it should free up some cash for UNH to buy back some stock. He called UNH the cheapest, but not best-run, in its group.

In addition, Buffett-owned Ingersoll-Rand (IR Quote) seems to have the value to go higher, but H&R Block (HRB Quote) is not in great shape, Cramer said. The market keeps beating the latter up, and it keeps going lower.

Cramer is baffled by what Buffett sees in H&R Block, but Cramer's bottom line is: When it comes to picking winning stocks, "Buffett's still got it."