Cramer's 'Mad Money' Recap: Big Board Worth Its Weight

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NYSE (NYX Quote) is an $87 stock that should go to $250 in a couple of years, Jim Cramer told viewers of his "Mad Money" TV show Thursday.

Although this stock might be "loathed" by Wall Street, Cramer said there are no real sellers of it.

It was up 5 points Thursday, but that spike in NYSE's price shouldn't frighten people, he said. In fact, Cramer believes the stock should have gone up even more.

"The shareholders are not looking to sell because they know the stock is worth even more," he said.

There are many reasons to own this stock, Cramer said. First, he believes the combination of the NYSE and Euronext could be "gigantic," which is one of the reasons he wouldn't be scared away by the stock's 5-point spike.

Also, NYSE is cutting costs, which is great for its earnings, he said. On Tuesday, it announced that it's cutting 500 workers, about 17% of its staff.

Cramer said he is trying to get behind a select group of stocks with secular growth that are worth owning. He believes one of these stocks is NYSE.

The NYSE has started to roll out its hybrid system and it's working, Cramer said. In addition, the company will not have to get into a bidding war for Euronext, which means it won't overpay for it.

Although NYSE was previously "poorly managed," that is changing now. And not only is it trying to work deals with the India and Tokyo Stock Exchanges, but cost-effective machines should save the company money.

People have a "great buying opportunity" with this stock here, Cramer said, as he believes NYSE will "seriously ramp" in the next six months.