Cramer's 'Mad Money' Recap: Short-Squeeze Seize

Last week, Caterpillar reported a quarter that was widely perceived as a miss, but the stock went up.

"That is what happens when you catch a real bottom," Cramer said. "The market was smart and told us it doesn't deserve to be so cheap."

Caterpillar bottomed last week, and people can still buy it, he said. CAT, just like Black & Decker (BDK Quote) and American Standard (ASD Quote), is done going down and should go up, Cramer said.

Cramer welcomed RPM International (RPM Quote) President and CEO Frank Sullivan to the show and asked him about his company's naming technique.

RPM is a holding company whose subsidiaries make specialty coatings and sealants for the industrial and consumer markets.

Maintaining the names of the companies it buys is a critical part of RPM's success, Sullivan responded.

There are two things that RPM does right that other companies don't tend to do: It keeps the name and brand it buys, and it keeps original management, Sullivan went on to say.

And shockingly, the first thing companies usually do is change the brand name and management, Sullivan said.

"RPM has never let us down, and it's not going to." Cramer called it a triple buy.

To view Cramer's interview with RPM President and CEO Frank Sullivan, please click here.

Lightning Round

Cramer was bullish on Apple (AAPL Quote), Abercrombie & Fitch (ANF Quote), MasterCard (MA Quote), W.W. Grainger (GWW Quote), Melco PBL Entertainment (MPEL Quote) and Gmarket (GMKT Quote).

For more of Cramer's insights during the Lightning Round, click here.

---

Want more Cramer? Check out Jim's rules and commandments for investing from his popular book by clicking here.