Cramer's 'Mad Money' Recap: Your 'In' on Outsourcers

Though "in overall prospects" Cramer believes that the Indian tag team is better than the American one, the two consulting and outsourcing companies Cramer said he likes best are Accenture and Infosys.

Accenture is the best of breed in the U.S., and Infosys is the best of breed in India, he said.

The two represent the best of all possible worlds and are the ones to own, Cramer said, adding that there are subjective reasons an investor might like one more than other.

While Cramer tagged Infosys the better pick for growth, he said Accenture is the better pick for a consulting business.

Hudson City High

Cramer welcomed Hudson City Bancorp (HCBK Quote) CEO Ronald Hermance to the show and asked him how his company has remained on the high list despite all the negativity surrounding the banking business.

"Quite candidly, our model sets us apart," Hermance responded. "The reason we've outlasted in most credit cycles is that we're retaining all our mortgages and not selling them to the secondary market."

This, in turn has led to successful credit quality during the third quarter, he went on to say, pointing out that in the last seven years, Hudson City has not had a net charge off.

Cramer says that having no net charge offs is unbelievable. "It's basically only lending to people that don't need a loan but are taking one out for a mortgage deduction."

Cramer advised investors who want bank exposure without risk to buy this stock.