Cramer's 'Mad Money' Recap: Hot Stocks

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Jim Cramer told viewers of his "Mad Money" TV show Monday that he's digging into "hot" stocks, explaining what their companies do and determining whether these stocks are worth buying.

The first stock he named was Omniture (OMTR Quote), which is near its 52-week high and is up 50% since it went public last June.

While Cramer believes that it would be "piggish" for people to stay in this stock without taking any off the table if they're up significantly, he still considers it a "hot" stock worth having some position in.

Omniture's software provides customers with the ability to make data-driven decisions, he said. It works with such Web sites as Time Warner's (TWX Quote) AOL, Expedia (EXPE Quote) and Ford (F Quote), among others, Cramer said.

Right now there are 10 analysts covering the stock, which only just came public in June. Already the analysts have "rolled out buy and buy after buy" on the stock, which currently has only three "holds," he said. Cramer doesn't consider this to be a good thing because it means there is more room for downgrades than upgrades.