Jim Cramer's Stop Trading! News Corp. Victory

News Corp. (NWS Quote) is "kicking butt," Jim Cramer said Thursday on CNBC's Stop Trading segment.

Cramer said Rupert Murdoch made a great move swapping the company's stake in DirecTV (DTV Quote) for separation with investor John Malone. "Murdoch pulled the wool over" Malone's eyes in the reported deal, Cramer said, adding that growth at DirecTV is slowing anyway.

Noting Malone's reputation as a savvy dealmaker, Cramer said he believes the swap shows that Liberty (LBTYA Quote) chief Greg Maffei is now running the show in Malone's stead. Cramer pointed to Maffei's track record, which includes a brief stint at Oracle (ORCL Quote) as well as leadership of the once-bankrupt 360 Networks.

Cramer says he expects wheeled-sneaker maker Heely's to be a hot IPO after it prices tonight. He said he's hearing price talk in the 28-30 range, up from the company's planned range of 16-18. "This is one hot deal," he said, but he added that he wouldn't want to buy it at 30, as the stock may have used up all its pop at that price.

Cramer's secret stock was Capital Southwest (CSWC Quote), a Dallas-based small-cap venture investor. He said the stock, up $9 Thursday at $141 and change, could go to $200.