Cramer's 'Mad Money' Recap: What Yahoo! Should Do

Peruvian Play

Southern Copper (PCU) is "a great way to play one of the last capitalist countries [Peru] standing in Latin America," Cramer told his viewers.

One of the best reasons to buy this stock is the yield. In fact, if market players bought Southern Copper and it did nothing for a year, they would be up 8% because of its "glorious" dividend, he said.

"Even if copper is cheaper, it's in demand," said Cramer, who added that Southern Copper has a "monster upside surprise" coming.

The company just opened a big mine and settled a major labor dispute favorable to Southern Copper's management, he said. Plus, this year the company is not hedging.

Removing the cost of hedging should cause an "earnings explosion," Cramer said. He advised people to buy Southern Copper on a pullback.

Mail It In

In Cramer's "Mad Mail" segment, when a viewer asked him what keeps a stock like Smith & Wesson (SWHC) going, Cramer said it did well because its expectations were low, and it got backed by the government on litigation risk.

It turns out a lot of Smith & Wesson's money went to lawyers, so when that ended, it had more money, he said.