Cramer's 'Mad Money' Recap: Cheap Tricks

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The market soared on Thursday -- ironically on the reassuring words of Fed Chairman Ben Bernanke, the same man largely responsible for the recent selloff in commodities.

Jim Cramer told viewers of his "Mad Money" TV show Thursday that now that the market has rebounded, it's time to pick through some rubble and look for value in commodities.

Two commodity stocks that Cramer likes are Nucor (NUE Quote) and Freeport-McMoRan (FCX Quote).

These two stocks are even cheaper than they appear on paper.

"How do you hide value?" he asked. "Two words: special dividends." Both Nucor and Freeport have a history of paying special dividends, he added.

New Orleans-based Freeport, which owns the largest gold mine on Earth, sells concentrates of copper, gold and silver.

The company has paid out $2.25 in special dividends made in separate payments since December 2004.

In addition, Freeport has 36.5 billion pounds of copper, 39.3 million ounces of gold and 115 million ounces of silver.

"This stock is not expensive," Cramer said. In fact, given their assets, Freeport is a cheap stock.

Nucor also is a gift horse, he said. It paid out a $1.50 in special dividends in the past year. The company, which engages in the manufacture and sale of steel in the U.S., has $2.22 billion in cash.

And according to the company, it is using its cash to buyback its stock.

In addition, raw material prices are not rising as highly as Nucor expected. Right now the stock is cheap, Cramer said.

"We like companies that have good habits like paying special dividends," he said. "And these two are my favorites for the special dividends."

China's Cnooc (CEO Quote) also tends to pay special dividends, but this stock is up 13%, so Cramer did not recommend buying it.