Cramer's 'Mad Money' Recap: Nice Could Finish First

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Any move by governments toward Big Brother is good for shareholders of Nice Systems(NICE Quote), Jim Cramer told viewers of his "Mad Money" TV show Friday.

Cramer said that even though the domestic-security stock has already run up 20%, "I need you in it." He said he likes that such stocks are immune to politics.

If Democrats fare well in this fall's elections, they may cut defense spending, but they won't want to look weak on security, he said.

If Republicans hang on to congressional control, "Nice will thrive," Cramer said.

There's still money to be made here, Cramer said, because Nice has seen some "incredible" deals in the last month, it's leaving its competitors in the dust and it's cheap on the fundamentals.

Cramer said that just three days ago, Nice expanded its deal with Avaya(AV Quote) and also recently agreed to help boost security at the Eiffel Tower, as well as securing a deal to improve the Boston subway system's automated fare-collection operations.

Nice does have some competition, with Verint Systems(VRNT Quote), Witness Systems(WITS Quote) and Comverse Tech(CMVT Quote), he said.

But each of those stocks has its own problems. And none of them is "en fuego" like Nice, which is trading at 21 times next year's earnings, Cramer said.

A caller then asked Cramer whether there was another defense play in Honeywell(HON Quote), which the caller said was making engines for unmanned drones.