Cramer's 'Mad Money' Recap: He's Got Games

ABBsolutely

Cramer is bullish on ABB (ABB Quote), a Swiss power and automation technology company, because he believes that ABB will be the next big company to beat asbestos.

The stock closed Thursday at $7.83, but Cramer believes that it could go to $18 once the company gets its asbestos woes behind it.

That day may not be far off, said Cramer. ABB has already agreed to a "not too punitive" settlement with 95% of its asbestos claimants, he said.

But, just as Cramer doesn't speculate on takeovers if the fundamentals of the company aren't good, he also doesn't recommend speculating on legal outcomes unless the fundamentals of the company are good.

ABB is a worst-of-breed company, said Cramer, but it is getting its act together. The company just reported a good quarter and announced a big contract from Qatar.

The company has real earnings growth for the first time in a long time, he said.

Lightning Round

Bullish

Cramer was bullish on Fifth Third Bancorp (FITB Quote), Wal-Mart (WMT Quote), NGAS Resources (NGAS Quote), Micron Technology (MU Quote), M&T Bank (MTB Quote), Amgen (AMGN Quote), Genzyme (GENZ Quote), Gilead Sciences (GILD Quote), Genentech (DNA Quote), Celgene (CELG Quote), Labor Ready (LRW Quote), Danaher (DHR Quote), Emerson Electric (EMR Quote), ITT Industries (ITT Quote), Sears Holdings (SHLD Quote), Yahoo! (YHOO Quote), Inco (N Quote), Falconbridge (FAL Quote), Southern Copper (PCU Quote), IHOP (IHP Quote), ATI Technologies (ATYT Quote), China Medical Technologies (CMED Quote), Abercrombie & Fitch (ANF Quote), CarMax (KMX Quote), Pike Electric (PEC Quote), PetSmart (PETM Quote) and PetroQuest Energy (PQUE Quote).

Bearish

Cramer was bearish on Pfizer (PFE Quote), Skyworks Solutions (SWKS Quote), Geron (GERN Quote), Hologic (HOLX Quote), eBay (EBAY Quote) and Wynn Resorts (WYNN Quote).

	1.	Pigs Get Slaughtered		2.	It's OK to Pay the Taxes
	3.	Don't Buy All at Once		4.	Buy Damaged Stocks
	5.	Diversify to Control Risk		6.	Do Your Homework
	7.	Don't Panic		8.	Buy Best-of-Breed
	9.	Defend Some Stocks		10.	Don't Bet on Bad Stocks
	11.	Own Fewer Names		12.	Cash Is for Winners
	13.	No Regrets		14.	Expect Corrections
	15.	Know Bonds		16.	Don't Subsidize Losers
	17.	No Room for Hope		18.	Be Flexible
	19.	Quit When Execs Do		20.	Patience Is a Virtue
	21.	Be a TV Critic		22.	When to Wait 30 Days
	23.	Beware the Hype		24.	Explain Your Picks
	25.	Find the Bull Market