Cramer's 'Mad Money' Recap: Headache Relief for Investors

Cramer Concurs

Nothing is more important than growth, Cramer reminded viewers, and that's why he likes Concur Technologies(CNQR), which has seen amazing earnings growth and is likely to see more.

The company's Web-based software automates the management of travel and entertainment expenses for businesses, Cramer said. And it can help stop employees from expensing things like strip club visits, a fraudulent perk popular on Wall Street, he added.

Not only does stopping fraud help control costs, just having a machine do this work is 60% cheaper than hiring humans to do it, he said.

But 90% of businesses still try to manage their T&E expenses themselves, so that means there's a lot of room for growth in the sector. Concur has 30% of the market right now, and Cramer said it should be able to gain more market share because it offers a superior product.

He points out that the company has a 97% customer-retention rate.

The stock is expensive, but it's a growth story, Cramer said, adding that he sees it going up a lot higher before it starts to come down.

One Exchange for Another

Real estate is over as the asset of choice, so equities are back in for 2006, he told viewers. And the best way to play this trend is to buy Nasdaq Stock Market(NDAQ) to get in on the major bull market in the exchanges.

How does he know the exchanges are making money? Two weeks ago he recommended International Securities Exchange(ISE) around $30, and now it's at $36.

He said, if you listened to him then, he would now take profits out of International Securities Exchange and put it into Nasdaq Stock Market.

Archipelago Holdings (AX) is attractive, too, he said, but he likes Nasdaq better because it trades at a discount to Archipelago.

Plus, he thinks that Nasdaq Stock Market is not getting the premium for having great management and the fact that it's buying Instinet will help boost its numbers, too.

Taking Calls

A viewer said that Cramer had irresponsibly pushed CVS(CVS) on Thursday's show when Walgreen(WAG) is a better company.

Cramer reminded viewers that he thinks Walgreen is a best-of-breed company, and the only reason he likes it right now it because of its deal with Albertson's(ABS). He added that in six months, Walgreen will be the stock he likes again.

He told another viewer that it's too late to jump on Broadcom(BRCM) at these levels; and that if he had gotten in when he urged viewers to, he would ring the register and sell half of his Broadcom.

Lightning Round

Cramer was bullish on Wendy's(WEN), Sony(SNE), Baker Hughes(BHI), Microsoft(MSFT), Automatic Data Processing(ADP), Saks(SKS), Goodyear Tire(GT), Bentley Pharmaceuticals(BNT), Rambus(Rambus), Toyota(TM), Rediff(REDF), Cypress Semiconductor (CY), Halliburton(HAL) and Allegheny Technologies(ATI).

Cramer was bearish on: Computer Sciences(CSC), Skyworks Solutions(SWKS), Komag(KOMG), Cooper Tire(CTB), Wipro(WIT), Pacific Sunwear(PSUN), Abercrombie & Fitch(ANF) and Charles & Colvard(CTHR).

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

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