Cramer's 'Mad Money' Recap: Broker Bargain Bin

A Hoops Play

Akamai Technologies (AKAM Quote) is the one stock that is the "perfect play on March Madness," Cramer told viewers.

It was the March Madness play last year, and it will be the one this year as well, no matter which team wins or loses, he said. There are millions of people who watch March Madness, the NCAA college basketball championship, and Akamai makes that widespread viewership possible, Cramer said.

The company creates global delivery services for Internet content and streaming media, allowing people to watch the games online. Because it is the "leading company for optimizing online video," Akamai will benefit from March Madness, Cramer said.

Akamai is the last stock "we can savage from the vicious selloff" that took place last week, said Cramer. "This one is way off its high, and it doesn't deserve to be," he said. "Personally, I'm offended that it's down here."

This week, Cramer searched through the rubble of the recent selloff for stocks that don't deserve to be down and should be seen as buy opportunities. On Tuesday's show he offered General Cable (BGC Quote), on Wednesday it was First Solar(FSLR Quote), and on Thursday it was Chemed (CHE Quote).

At this time of year, Cramer believes, Akamai should be selling at a high price, but it is instead trading at a discount. The company, which reported earnings about a month ago, gave guidance that "was way up from the forecast," he said.

Not only is Akamai a "pick from the rubble" play, it is also a March Madness stock and a play on the bandwidth scarcity, Cramer said, and people should put some money into it.