Cramer's 'Mad Money' Recap: In the Wolverine Den

Because there is a scarcity in energy infrastructure, he believes that this will be a long-term story. And because it's long, "you'll be able to do a 'mon back* every time these stocks get hit," he said.

After decades of underinvestment in the energy infrastructure around the world, there aren't enough power plants and it's getting hard to produce enough power, Cramer said.

But even the best bull markets need catalysts before the stocks will really move, he said. And the energy infrastructure space got a catalyst when TXU(TXU Quote) announced last week that it plans to spend $10 billion on 11 new coal plants.

This is much more than the market had expected the company to invest, he said. And when you get this kind of news in a sector that's already in bull mode, "it's like Christmas came early."

TXU said it would use Fluor(FLR Quote) and Bechtel to do the work.

Bechtel is not publicly traded and everyone will go out and buy Fluor on this news, Cramer said. That's why "you have to be clever and go further down the food chain." Both companies will outsource work to other companies, he said.

Among the subcontractors you need to look into buying, he said that Caterpillar(CAT Quote) and Terex(TEX Quote) will provide the construction machinery used to build the plants.

He said that McDermott(MDR Quote) and Foster Wheeler(FWLT Quote) make equipment that that gets rid of pollution produced by coal plants.

He said he would buy ABB(ABB Quote) (a stock he owns for his ActionAlerts PLUS charitable trust) because it provides systems integration automation for power plants, and InfraSource Services(IFS Quote), which takes care of transmission distribution.

Finally, he said that he would take a look at SPX(SPW Quote) because the company makes cooling towers.

The show ended with a student who asked Cramer for a stock recommendation that was cheaper than Google(GOOG Quote), which she said is too expensive for college students to buy.

He said that he'd rather own one share of Google than a lot of shares in a lesser company. But if even one share is not feasible, then Cramer said to take a look Yahoo!(YHOO Quote), which has a similar valuation and sells for a fraction of the price of Google.

Lightning Round

Cramer was bullish on Cisco Systems(CSCO Quote), Wells Fargo(WFC Quote), Abercrombie & Fitch(ANF Quote), Occidental Petroleum(OXY Quote), Nabors(NBR Quote), GameStop(GME Quote), Anglo American UK(AAUK Quote), Lehman Brothers(LEH Quote), Bear Stearns(BSC Quote) and Goldman Sachs(GS Quote).

Cramer was bearish on Wachovia(WB Quote), Pacific Sunwear(PSUN Quote), Royal Dutch Shell(RDS.A Quote), BP(BP Quote), Diamond Offshore Drilling(DO Quote), North American Palladium(PAL Quote) and Dick's Sporting Goods(DKS Quote).

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

*For all you home-gamers, a 'mon-back opportunity means Cramer would back up the figurative truck and load up on a stock.

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