Cramer's 'Mad Money' Recap: Power Rangers

Coronation Street

For his stock picks of the week, Cramer decided to behead some old tech royalty and anoint the new.

You can have a tech rally without Intel(INTC - Cramer's Take - Stockpickr), Microsoft(MSFT - Cramer's Take - Stockpickr) and Cisco(CSCO - Cramer's Take - Stockpickr), he said, because PC and network companies are not where the action is.

The new tech royalty and Cramer's stock picks of the week are Broadcom(BRCM - Cramer's Take - Stockpickr) and Marvell Technology Group(MRVL - Cramer's Take - Stockpickr).

Cramer said that along with Qualcomm(QCOM - Cramer's Take - Stockpickr) at the high end and Conexant Systems(CNXT - Cramer's Take - Stockpickr) at the low end, these stocks will be hits because of Wi-Fi technology.

Cramer said that when all the gadgets you have go wireless -- and they will -- these are the stocks to be in.

Broadcom dominates short-range, wireless technology and is the biggest name in Bluetooth technology. Moreover, Nokia(NOK - Cramer's Take - Stockpickr) expects sales of Bluetooth-enabled phones to skyrocket.

Cramer also said that Marvell is worth the premium because it makes Wi-Fi chips for PlayStation Portables, cell phones, hard drives, DVRs and notebook computers.

Mad Mail

Cramer wrapped up the show with some viewer mail.

A viewer said that he was thinking about staying away from Wendy's initial public offering of its Tim Hortons doughnut chain because it is being offered in installments. Cramer agreed, saying he'd hold off on that IPO too.

He told another viewer he would ring the register on ATI Technologies(ATYT - Cramer's Take - Stockpickr) and revisit the stock later.

Another viewer said that her Canadian Natural Resources(CNQ - Cramer's Take - Stockpickr) stock had jumped and that she was thinking about getting into a copper play.

Cramer recommended ringing the register on Canadian Natural Resources and picking up some Southern Copper(PCU - Cramer's Take - Stockpickr).

Lightning Round

Bullish

Cramer was bullish on: McGraw-Hill(MHP - Cramer's Take - Stockpickr), Walgreen(WAG - Cramer's Take - Stockpickr), IntercontinentalExchange(ICE - Cramer's Take - Stockpickr), Urban Outfitters(URBN - Cramer's Take - Stockpickr), Accenture(ACN - Cramer's Take - Stockpickr), AES(AES - Cramer's Take - Stockpickr), Pioneer Drilling(PDC - Cramer's Take - Stockpickr), Nabors(NBR - Cramer's Take - Stockpickr), Schlumberger(SLB - Cramer's Take - Stockpickr), Shanda Interactive Entertainment(SNDA - Cramer's Take - Stockpickr), Amgen(AMGN - Cramer's Take - Stockpickr), Nektar Therapeutics(NKTR - Cramer's Take - Stockpickr), Bank of America(BAC - Cramer's Take - Stockpickr), Citigroup(C - Cramer's Take - Stockpickr), Accredited Home Lenders(LEND - Cramer's Take - Stockpickr), Conexant Systems(CNXT - Cramer's Take - Stockpickr), Whole Foods(WFMI - Cramer's Take - Stockpickr), Lufkin Industries(LUFK - Cramer's Take - Stockpickr) and Tetra Technologies(TTI - Cramer's Take - Stockpickr).

Bearish

Cramer was bearish on: Endesa SA(ELE - Cramer's Take - Stockpickr), Genentech (DNA - Cramer's Take - Stockpickr), 3M(MMM - Cramer's Take - Stockpickr), New Century Financial(NEW - Cramer's Take - Stockpickr), Hain Celestial(HAIN - Cramer's Take - Stockpickr), Cintas(CTAS - Cramer's Take - Stockpickr), Dress Barn(DBRN - Cramer's Take - Stockpickr), Petro-Canada(PCZ - Cramer's Take - Stockpickr), Suncor(SU - Cramer's Take - Stockpickr), SFBC International(SFCC - Cramer's Take - Stockpickr), True Religion Apparel(TRLG - Cramer's Take - Stockpickr) and World Wrestling Entertainment(WWE - Cramer's Take - Stockpickr).

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

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