Cramer's 'Mad Money' Recap: Biotech in the Spotlight

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There is a tug of war for dollars on Wall Street this week. The tug of war is between technology and biotech. Technology won on Monday night. But Tuesday night belonged to biotech.

On the heel of Tuesday's news, the growth dollars are heading to biotech after Amgen(AMGN) and Gilead(GILD) reported great second-quarter numbers after the closing bell.

But Jim Cramer told his "Mad Money" viewers on CNBC that biotech will do especially well in the future -- especially if investors compare them with the Big Pharma stocks of today.

Investors also will be looking to put money to work in Genentech(DNA), Celgene(CELG) and Genzyme(GENZ). In fact, Cramer said, he never wants to hear about Pfizer(PFE) and Merck(MRK) again.

"We want to be looking for stocks that will be in our kids' medicine cabinets," he said. Pfizer and Merck have the stuff that is in cabinets today, he said.

What's more, Cramer said that Big Pharma doesn't innovate anymore. They just repackage stuff so that they can squeeze out every last dime. The biotech companies are the future of pharmaceuticals, he said.

"Get into biotech now to make money off of lifesaving drugs," Cramer concluded.

Motorola CEO Talk

Motorola(MOT) reported a great second quarter after the bell on Tuesday night. It reported better-than-expected earnings and sales. But the stock sold off after hours. Cramer talked with CEO Ed Zander about the quarter and about the company's future. Zander outlined a host of products that will continue to keep the momentum going at Motorola.

After chatting with Zander, Cramer said that the stock ran up in anticipation of great numbers. Cramer now thinks that the stock might pull back, however. And if it does, he said that he would definitely be a buyer. Cramer also pointed out that Motorola would be meeting with analysts next week to discuss business as well. Finally, if Motorola had reported its numbers by itself on Tuesday -- without Yahoo!(YHOO) and Lucent(LU) also reporting -- the stock would have been up on Tuesday night. Instead, it was down. Cramer believes weakness in Motorola stock is a gift, he said.

The 'Lightning Round'

Bullish

Cramer was bullish on: Gold Kist(GKIS), Schering-Plough(SGP), Homex(HXM), WCI Communities(WCI), Syneron Medical(ELOS), Apache(APA), SCP Pool(POOL), Chicago Mercantile(CME), Expeditors(EXPD), Allscripts Healthcare(MDRX), Titanium Metals(TIE), Orleans Homebuilders(OHB), BRE Properties(BRE), International Paper(IP), Microtune(TUNE), Logitech(LOGI), Novatel(NGPS).