Cramer's 'Mad Money' Recap for July 11

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" In a time of sky high oil prices and high food prices, the only group that's semi-immunized is health care," Jim Cramer told viewers of his "Mad Money" TV show Friday.

With the Amex Drug Index at just 301 points, 60 points off its high, the bear has already visited the healthcare group. With big money managers needing to invest their money somewhere, the healthcare group is where they're headed. "Big money managers can't hide in cash; they need to invest," he said.

Cramer recommended CR Bard (BCR Quote) as the last in his series this week of favorite healthcare names. CR Bard manufactures catheters and other surgical supplies and devices. The stock has fallen from a high of $188 in March, 2007, giving it huge potential upside.

According to Cramer, CR Bard has many new products coming which will help propel its growth. In addition to new products to help prevent hernias and new catheters for its surgical supply business, the company is introducing devices to help prevent hospital-contracted infections. Cramer noted that Bard now derives 10% to 15% of its sales from these new, "sexier" medical devices.

With a 14% long-term growth rate, Cramer said big money managers will be lining up to invest their cash in CR Bard, and he told investors to get in now ahead of the trade.

Cramer Wrestles the Bear

A Ripe Takeover Target

For "Speculation Friday," Cramer reflected on the acquisition announced earlier this week of Rohm & Haas(PPG Quote) by Dow Chemical(PPG Quote).

He said PPG Industries(PPG Quote) could be the next possible takeover target. With a 3.8% dividend yield, Cramer said PPG is the safest way to speculate on a takeover.

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