Cramer's 'Mad Money' Recap: Go to the Dogs

While gambling isn't kosher on the mainland, it's the biggest industry on Macau, the "Las Vegas of the east."

The little city off the southern coast of the China belonged to Portugal until 1999, and like Hong Kong, became part of the People's Republic but has an independent judicial system, Cramer said.

He pointed out that 18.7 million tourists went to Macau in 2005 -- more than went to Germany -- and that the city expects 35 million a year by the end of the decade.

And 50% of Macau's tourists come from mainland China, Cramer said.

The stock play on this trend is Las Vegas Sands(LVS), one of the first casino and entertainment companies to hit the city.

"It's giving the people of China all the Western bourgeois decadence they could desperately crave," Cramer said.

Plus, Las Vegas Sands makes a large portion of its profits in Macau already, a city where the house makes 10 times what it does in Vegas, he added.

Piping Hot

Always on a bull hunt, Cramer told viewers that pipe is on fire.

There's demand for water piping, oil and natural gas pipelines -- seemingly unrelated stories that come down to one thing: the fact that people want a lot of pipe, he said.

In previous shows, he mentioned PW Eagle(PWEI) as a pipe play. But he wanted to focus on water pipes Wednesday, because only 2.4% of the water on Earth is fresh water and less than 1% is available for human use.

He said that there are more than a billion people on Earth with no access to clean water and that there's a bull market around the corner in water pipes.

He said that Home Depot(HD) is a play on water pipes, because it is acquiring a water pipe business; and Cramer also said to take a look at Insituform Technologies(INSU).

The latter company is a small pipe-repair company that sells water piping, too.

iRobot(IRBT) co-founder and CEO Colin Angle joined Cramer to discuss the company's growth strategy.

Angle said that it's not about taking away market share from competitors, it's about creating an entirely new industry with innovative products.

Bomb-dismantling robots are expected to be an incredible business for iRobot, Angle said, adding that the company has shown the military that "robots can get the job done" and that the product "is saving lives."

The military has deployed 300 PackBots in Iraq and Afghanistan to assist in reconnaissance missions and roadside bomb detection.

Lightning Round

Bullish

Cramer was bullish on: Ameritrade(AMTD), ValueClick(VCLK), Monsanto(MON), Adobe Systems(ADBE), Diageo(DEO), American Science & Engineering(ASEI), Texas Roadhouse(TXRH), Goldcorp(GG), Southern Copper(PCU), ISIS Pharmaceuticals(ISIS), Broadcom(BRCM), Aspen Technology(AZPN), AU Optronics(AUO) Amgen(AMGN) and Halliburton(HAL).

Bearish

Cramer was bearish on: Novavax(NVAX), Autodesk(ADSK), Brown-Forman(BFB), Fieldstone Investment(FICC), Newmont Mining(NEM), and Internet Initiative Japan(IIJI).

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.

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