Cramer's 'Mad Money' Recap: More Oil Plays

Regarding Advanced Micro Devices, and its antitrust suit against Intel, Cramer said that he would be a seller of AMD and a buyer of Intel. Unless the Justice Department takes up the case, AMD can't win this one. Indeed, instead of complaining about Intel, AMD should try to make better chips. But, Cramer said, if AMD could make better chips it would be doing it -- not suing Intel. As a result, stay away from AMD.

During the lightning round, Cramer liked: Marathon Oil, Transocean, FPL Group, GameStop, Syneron Medical, Amylin Pharmaceuticals, Sirius Satellite Radio, Adobe, Time Warner, Kinder Morgan, Stolt Offshore, Accredited Home Lenders, General Communication, Cheniere Energy, WCI Communities, Morgan Stanley, Texas Roadhouse and Procter & Gamble.

Cramer recommended selling WPT Enterprises, Xerox, Crucell, Electronic Arts, USG, Building Materials, StemCells, DHB Industries, Pep Boys(PBY Quote), CBRL Group, ValueClick, Solectron, Knight Trading, Northwest Airlines and Heinz.

Finally, Cramer agreed with Marketwatch.com columnist Herb Greenberg's negative stance on Toro. And Cramer agreed with Greenberg's take that investors would do well to avoid most closed-end funds.