Cramer's 'Mad Money' Recap: Rumor Mill Grinds to Halt

He believes that the company should keep up its great performance because it has money coming in from orders that electric companies put in four years ago, after the blackout in New York, when they put cable wires underground.

Plus, it is a supplier for the triple play, and its raw costs are right where they should be, Cramer said. That should cause General Cable's gross margins to "fly."

The 4% Club

There always is some worry that might cause the market to go down, Cramer said. Therefore, he believes that people can't only look for stocks where there is a potential upside.

However, they should look for stocks that have a safety net against the downside.

"Tonight I'm going to initiate a couple of stocks into the 4% yield club," Cramer said, as a safety net.

He named Packaging Corp. of America (PKG Quote) and BP (BP Quote) as the first two members of the club; of the two, he called BP his "favorite."

Packaging Corp., Cramer said, has margins well below peak levels, and he believes that there has to be some private-equity interest in the company.

Moreover, as energy costs are down year over year and the stock has a 4% yield, Cramer said he considers the stock a buy.

The next member, BP, is now yielding 4.1% and is the cheapest among its group of stocks, he said. The company has decided to cut back and bring back value for its shareholders, which Cramer said he likes.

And after a long time of overpromising and underdelivering, "it is going for UPOD --underpromising, overdelivering," he said.