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Cramer's 'Mad Money' Recap: Slim's Pickins

TheStreet.com Staff

"If you want to piggyback off a winner, Carlos Slim Helu is your guy," Jim Cramer told viewers on his "Mad Money" TV show Thursday.

Slim, he said, is a guy who has made a name buying stocks. "He is the overseas Warren Buffett." In fact, Slim recently surpassed Buffett on the Forbes rich list, which Cramer believes is because of Slim's stock exposure to the rest of the world.

However, people can't just buy whatever Slim buys without doing their own homework, Cramer warned. To pick out what he believes is Slim's best stock, Cramer relied on Stockpickr.com, he said.

He searched the stocks that make up Slim's portfolio on the site and found "the best stock to invest in.

There was some Kraft (KFT Quote) in Slim's portfolio , but Cramer said he's "not a big fan of it."

Another stock in the portfolio was Saks (SKS Quote), but Cramer said he didn't want to highlight this stock again.

Eventually, there was only one stock left for him to push on the show, Cramer said, and it was America Movil (AMX Quote).

It's true that America Movil is at its 52-week high, but the stock was "too good not to feature," he said. The growth of mobile phone service in Latin America has been a great story, and America Movil is the frontrunner of this space in Mexico, Cramer said.

"Follow Slim on this one," he said. "Even though there's nothing respectful about being a copycat ... let's start copying the best guy with the best stock ... Carlos Slim."

Green Day IV

On "Green Day," April 2, the Supreme Court changed the rules when it gave the Environmental Protection Agency and states the go-ahead to be stricter on polluters, Cramer told viewers.

As part of his week-long Green Day series, Cramer added Tetra Tech (TTEK Quote) to his green picks.

Tetra, he said, has been expanding into alternative energy. But at its core, Tetra is a water company, "geared towards the scarcity of clean water," Cramer said. "It is one of the ways we can play the extremely high price of water."

The fact that 85% of the company's revenue comes from water management and that Tetra just purchased Delaney Group, "a little wind company," puts it in the "sweet spot" for Green Day, Cramer said.

Sell Block

In a special "Sell Block" segment, Cramer looked at the most popular stocks in CNBC's Million Dollar Portfolio Challenge game.

Cramer said that some of the most famous stocks being invested in the game are small, speculative stocks. He reminded viewers that speculative stocks are good, but only when they're part of a well-balanced portfolio.

Charter Communications (CHTR Quote), Cramer said, is the only speculative stock he would buy. "The cable business is on fire," he said. "I could see [Charter] going to $4."

Charter closed at $3.28 Thursday.

Another stock Cramer is "not totally negative on is Sirius Satellite Radio (SIRI Quote). However, he said, he can't "in good conscience" advise people to buy Sirius, because it's having such a hard time getting its XM Satellite Radio (XMSR Quote) merger through.

Cramer told viewers he's putting Sirius in the "too cheap to sell and not enough conviction to buy" category.

He said he would sell CMGI (CMGI Quote), which Cramer said "has changed its business model so much" it makes his head spin. He also suggested that game players sell Oilsands Quest (BQI Quote) and Crystallex (KRY Quote).

Moreover, Cramer said that "under no circumstances" would he say it's OK to own Vonage (VG Quote), calling it "the single least investable stock" he's seen in his lifetime.

And although people seem to like Fremont General (FMT Quote), Cramer said it has a lot of subprime exposure, and he recommended that people buy Downey Financial (DSL Quote) instead.

Drug Horserace

Cramer welcomed Steven Quay, Nastech Pharmaceutical's (NSTK Quote) chairman and CEO, to the show and asked him what the company's most exciting internal story is now.

Quay said it was a "very hard question" to answer and that it would be a "horserace" between Nastech's parathyroid hormone for osteoporosis, its insulin nasal spray for diabetes and its PYY treatment for obesity.

Cramer asked Quay about Nastech's relationship with Dr. Eric Hollander, who has been involved with autism.

"He has shown by giving intravenous doses of a natural hormone, oxytocin, that you can reverse some of the signs of autism," Quay said of Hollander. But there are two problems related to it: "It's an injection and doesn't last long enough."

On the other hand, Nastech, the CEO said, has a nasal spray that lasts "a significantly longer period of time." Nastech has been "working closely" with Hollander "to design clinical trials this year to test the nasal spray," Quay said.

Cramer said he likes Nastech, along with Celgene (CELG Quote), Gilead Sciences (GILD Quote) and Genzyme (GENZ Quote).

To view Cramer's interview with Steven Quay, please click here.

Lightning Round

Cramer was bullish on Downey Financial (DSL Quote), Nokia (NOK Quote), Apple (AAPL Quote), Quicksilver Resources (KWK Quote), XTO Energy (XTO Quote), Procter & Gamble (PG Quote), RPM International (RPM Quote), St. Jude Medical (STJ Quote), Dow Chemical (DOW Quote), Google (GOOG Quote), Domino's Pizza (DPZ Quote), Diageo (DEO Quote), Broadridge Financial (BR Quote), Tiffany (TIF Quote), Coach (COH Quote), Polo Ralph Lauren (RL Quote) and Guess? (GES Quote).

Cramer was bearish on Companhia Vale do Rio Doce (RIO Quote), BHP Billiton (BHP Quote), TrustCo Bank Corp (TRST Quote), Motorola (MOT Quote) and Southern Copper (PCU Quote).

For more of Cramer's insights during the Lightning Round, click here.

Want more Cramer? Check out Jim's rules and commandments for investing from his popular book by clicking here.