Cramer's 'Mad Money' Recap: Ch-Ch-Ch-Ch Chevron

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Chevron (CVX Quote) had the worst earnings report he's seen recently, Jim Cramer told viewers of his "Mad Money" TV show Wednesday. And that's why he's pronouncing it with a hard Ch, as in Chile.

However, he believes that people should buy it hand over fist.

Chevron managed to miss its numbers, even though the company had everything working in its favor, Cramer said. It is the perfect example of a company that can do anything without the stock going lower.

Chevron could literally be burning money, and Cramer said he would still tell you that it's a buy.

Chevron made many missteps this quarter, but no matter, said Cramer. They dipped down and came back up because with oil en fuego, the company could do no wrong.

Even though Cramer has emphasized buying best of breed, which in this case might be ConocoPhillips (COP Quote), he said he's going to break the rules this time.

Chevron might look like a bad oil company, but it has proven that it's invulnerable. If other oil companies reported bad numbers, they could go down, Cramer said.

The bottom line: Buy Chevron, which reported a horribly blown quarter, but thrived after that bad news.

Cramer also recommended staying away from Whole Foods (WFMI Quote), Starbucks (SBUX Quote) and Rackable Systems (RACK Quote).

No matter how well these companies do, they just seem to get hammered, he said.

Gray Lady Luck

Even though he may not like The New York Times' (NYT Quote) stock, Cramer said that reading the paper may be the single best resource for making money in the market.

In the Sunday Real Estate section, there was an article entitled "Sold at First Sight," which stated that refurbishment is the key to selling your house.