Cramer's 'Mad Money' Recap: Allergan Wrinkle-Free

"They can't see the longer term," he said. "They are totally blind to it."

However, Cramer believes that Strasser does see the longer term and is giving the analyst's upgrade of Lowe's a well-merited shout-out.

Lowe's is levered to housing, but Strasser understands that this shouldn't matter because "stocks and their fundamentals are not joined at the hip," he said. Rather, "a stock runs six months ahead."

Also, a good piece of research should contain candor about the risk/reward, and as is apparent in Lowe's upgrade, the analyst should acknowledge that management has and should lead well, Cramer said.

Cramer said that a good analyst should look for P/E growth and present the macroeconomics in a nutshell.

In addition to having done good research, Cramer believes that Strasser has credibility because he was rightly bearish on Lowe's for two years.

"Another reason he's a great analyst is that he has the perfect pedigree and worked at a hedge fund before he became an analyst," Cramer said. "When you work at a hedge fund, you are trained to make people money."

Hands-Free

Cramer welcomed Plantronics (PLT Quote) President and CEO Ken Kannappan to the show and asked him what his company's headset market is like in California in light of the new hands-free-while-driving legislation slated to go into effect in July 2008.