Cramer's 'Mad Money' Recap: Two Picks From the New-High List

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The move to make now is to pick out the plays that emerged from the recent market downturn without a scratch because, come the next selloff, "these will be the stocks people can bank on," Jim Cramer told viewers of his "Mad Money" TV show Wednesday.

Every day the market generates a list not only of the survivors, but of the "thrivers," called the New High List, Cramer said. "These stocks are proven winners with real money behind them."

In particular, there are two sectors on the New High List that Cramer considers hot: pharmacy benefit managers and tire companies. He believes "these sectors will perform even after a truly horrific onslaught."

Taking it a step further, the two best-of-breed stocks from these two sectors are Medco Health Solutions (MHS - Cramer's Take - Stockpickr) and Goodyear Tire (GT - Cramer's Take - Stockpickr), Cramer said.

Medco, he said, "has been a good performer for ages." Plus, it has a "monster amount of cash flow" on its balance sheet.

While on the topic of pharmacy benefit managers, Cramer said he owns Express Scripts (ESRX - Cramer's Take - Stockpickr) for his Action Alerts PLUS charitable trust. This stock, he said, should go up regardless of whether or not it acquires Caremark (CMX - Cramer's Take - Stockpickr) as planned.

If Express Scripts gets Caremark, the acquisition will mean oligopoly, and if it doesn't, Cramer believes Express Scripts should do a "gigundo" buyback.

Moving on to Goodyear, the second member of the New High List, Cramer said the company has "slashed worker benefits and cut pension requirements," two huge savings for its shareholders. Plus, Goodyear's raw costs are coming down, he said.

Both Goodyear and Medco are going higher, Cramer said. "I would buy [some of these two] now and hope for a pullback to buy more."