Cramer's 'Mad Money': Google's Not Done

Cramer reiterated his bullish call on tech, calling it a "six-month call" vs. a daily call. "The market wants you in Microsoft (MSFT), which sells at 19 times earnings," he said. "If it does go down, it's a gift."

Later in the show, he observed relative and absolute strength Thursday in tech names such as Microsoft, Apple (AAPL), Broadcom (BRCM), and Google (GOOG). The group was "the rock of Gibraltar today ... that's a sign the buyers will come back to the Nasdaq first" after the oil-related selloff ends.

In response to a caller's question about how to profit from $60 oil, Cramer recommended ConocoPhillips (COP), EnCana (ECA) and oil service companies Halliburton, Schlumberger (SLB), Baker Hughes (BHI) and Smith International (SII). However, he later in the show recommended selling Chevron (CVX), fearing it'll have to "pay up" for Unocal (UCL).

In the Lightning Round, Cramer was upbeat about WellPoint (WLP), Quicksilver Resources (KWK), General Dynamics (GD), El Paso (EP), Millennium Pharmaceuticals (MLNM), Cimarex Energy (XEC) and Disney (DIS).

The television host recommended selling Unova (UNA), Southern Peru Copper (PCU), IBM (IBM), Ameritrade (AMTD), Callaway Golf (ELY), Goodyear Tire (GT), Applied Digital Solutions (ADSX), Harris & Harris (TINY), International Securities Exchange (ISE), Manhattan Associates (MANH), and Kroger (KR).

Finally, Cramer agreed with Marketwatch.com columnist Herb Greenberg's negative stance on Jarden (JAH).

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