Cramer's 'Mad Money' Recap: Foreign-Favorites List Grows

Moreover, not only is it taking market share in Canada, "an underbanked country," Cramer believes "it is the single-best, low-risk way to play the new pro-capitalist revolution in Latin America."

Cramer said the bank has a "strong presence" in the Caribbean and should be the bank to play Cuba. "The Bank of Nova Scotia is expanding rapidly in Central America ... where they need credit cards and mortgages."

Cramer told viewers that he sanctions putting up to 20% of one's portfolio in international stocks as a form of diversification. The right way to pick these stocks, he said, is to look for stability and for stocks that have not run too much.

While Homex Development (HXM Quote) and Baidu (BIDU Quote) are examples of international stocks that have great growth, Cramer said, it's not the right time to get into these, as they are pricey and have run too much.

Tyco a Triple Buy

Tyco (TYC Quote) has announced that it is breaking up its divisions into stand-alone companies, a move that makes the stock a triple buy, Cramer told his viewers.

That, he said, is based on his belief that Tyco's four divisions (electronic, health care, engineered products, and fire and security) are worth more as separate parts than as a whole.