Mad Money Recap

Cramer's 'Mad Money' Recap: Vision Quest

 

"This stock's been tearing the shorts to pieces," he said.

Even though he was excited about JDSU, Cramer told a caller that he didn't see any great broadband-over-power-line plays right now.

Red Tape in China

While Cramer wouldn't stand behind any telecom plays in China, he saw other opportunities in the Middle Kingdom, with the Chinese government saying it will spend trillions of dollars to beef up the country's energy and transport sectors.

"This is a situation where it could pay to make an educated guess," Cramer said, adding that he believes that engineering and construction companies will benefit from all these new infrastructure projects.

He said that of all the plays out there, Fluor(FLR) is one of two American engineering companies incorporated in China. That means a lot less red tape standing between them and the money.

Moreover, he said he'd buy Fluor without the China angle because it's a strong company with 28% revenue growth over the last 12 months, low debt and a lot of cash.

No Place Like Homeland

Cramer wrapped up the show with what he called the best in homeland security and domestic security buys, welcoming Bob LaPenta, chairman of Viisage Technology(VISGD) to the show.

Viisage just agreed to acquire Identix(IDNX) for $770 million in stock, a move that LaPenta said would integrate key law enforcement and homeland security products under a single platform.

Viisage already had the market on driver's licenses and passport security products, the key documents for U.S. security. And both companies offered face-recognition technology.

But LaPenta said that Identix brought fingerprint identification -- the most commonly used biometric identifier -- to the company and that Viisage has brought great management to a crowded field.

To view Cramer's interview with LaPenta, click here.

Lightning Round

Bullish

Cramer was bullish on Darden Restaurants(DRI), Suncor Energy(SU), Allscripts Healthcare Solutions(MDRX), Corning(GLW), Allegheny Technologies(ATI), Cincinnati Bell(CBB), Southwestern Energy(SWN), Marchex(MCHX), ManTech International(MANT), NeoPharm(NEOL), PetroChina(PTR), Seagate Technology(STX) and Texas Instruments(TXN).

Bearish

Cramer was bearish on Cheesecake Factory(CAKE), Diebold(DBD), General Cable(BGC), Network Appliances(NTAP), LG.Philips(LPL), Mylan Laboratories(MYL), NitroMed(NTMD), Evergreen Solar(ESLR), Rambus(RMBS), Children's Place(PLCE) and Plug Power(PLUG).

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


Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by clicking here.

Here's your chance to pick the stock you'd like me to feature on my radio show Jan. 19:
Tenet
McDonald's
J&J
Nat Semi
Starbucks
Six Flags

REMEMBER to listen in on Thurday for my take on the stock that wins this poll!

>To order reprints of this article, click here: Reprints

As originally published, this story contained an error. Please see Corrections and Clarifications.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on Mad Money are his own and do not reflect the opinions of TheStreet.com or its affiliates, or CNBC, NBC UNIVERSAL or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither TheStreet.com, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or TheStreet.com is related to the specific opinions expressed by him on "Mad Money."

None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, TheStreet.com or CNBC that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the program. Mr. Cramer's past results are not necessarily indicative of future performance. Neither Mr. Cramer, nor TheStreet.com, nor CNBC guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the program. The strategy or investments discussed may fluctuate in price or value and you may get back less than you invested. Before acting on any information contained in the program, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

Some of the stocks mentioned by Mr. Cramer on "Mad Money" are held in Mr. Cramer's Action Alerts PLUS Portfolio. The Action Alerts PLUS Portfolio contains all of Mr. Cramer's personal investments in publicly-traded equity securities only, and does not include any mutual fund holdings or other institutionally managed assets, private equity investments, or his holdings in TheStreet.com, Inc. Since March 2005, the Action Alerts PLUS Portfolio has been held by a Trust, the realized profits from which have been pledged to charity. Mr. Cramer retains full investment discretion with respect to all securities contained in the Trust. Mr. Cramer is subject to certain trading restrictions, and must hold all securities in the Action Alerts PLUS Portfolio for at least one month, and is not permitted to buy or sell any security he has spoken about on television or on his radio program for five days following the broadcast.

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