Cramer's 'Mad Money' Recap: Once Upon a Mattress

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ZZ Is Tops

Sealy, which will trade under the ticker symbol ZZ, is the next way to make a "quick, easy, painless 10% gain," Jim Cramer told "Mad Money" viewers on Thursday.

The initial public offering has been priced at $14 to $16 a share, and Cramer said it's OK to buy it up to $18.

Sealy is the No. 1 maker of mattresses and has a great brand name, so Cramer believes the fundamental story is there. He also believes the stock could safely reach $20.

Because the IPO is "massively oversubscribed," he said the trading will be "stupid and chaotic." So Cramer blessed viewers to pay up to $18 for it, and then to sell when it breaks above $20.

And if viewers hold on above that level or pay above $18, Cramer said he would condemn what they're doing.

Cramer also said it's time to pimp over to Italy and pick up shares of UniCredito Italiano.

The bank already is dominant in other former Soviet Bloc nations, and this is where you'll find some of the fastest growth in Europe, Cramer said.

For example, he said Poland has the fastest-growing real estate market in the world.

UniCredito will benefit from this growth, and it is a better play on these red-hot economies than dabbling in their own nascent banking industries.

Plus, he said the stock is cheap because it trades at only 10 times earnings.

"Sometimes you need to be a follower, not a leader," Cramer told viewers, and that's why he said to take a look at Federated Department Stores(FD Quote), which just took out its two-year high.

Bill Stiritz, a member of the Federated board, just bought $20 million in shares in the open market, Cramer said, calling the move "an incredible commitment."