Cramer's 'Mad Money' Recap: Oil Drill Team

Cramer's "single best" oil-driller play, he said, is Transocean (RIG Quote), which he owns for his charitable trust as well.

"How can you not own a rig stock that's called RIG!" he exclaimed, adding that he likes the stock for three reasons.

First, Transocean's day rates are "skyrocketing," Cramer said. Second, because "consolidation is imminent" in the sector, he believes that RIG could merge with another company or be bought out. And finally, as it's options-expiration week, Cramer said this should drive the stock's price down.

"This stock is going to end at $75 at the end of the week, which is when people should pick it up -- on Friday afternoon," he said. Transocean closed at $76.62 Monday.

Editor's note: Watch these picks. Click here to see a Stockpickr portfolio of the group.

The Next Intuitive

Hansen Medical (HNSN Quote) is a small-cap medical delivery stock that "could be the next Intuitive Surgical(ISRG Quote)," a company that is up 1,124% since coming public in 2000, Cramer told his viewers.

However, he urged people to buy Hansen with "tight limit orders," and to not buy it before doing a couple of days of homework.

Right now, the hottest part of the market is nonpharma health care because subprime can't touch it, Cramer said. Hansen Medical is "losing money hand over fist" and has "no revenues to speak of." Still, Cramer believes it will be huge.

The company makes robotic catheters that are easy to maneuver, Cramer said, and it has a "big target market." The one drawback here is that Hansen's machine hasn't been approved yet, but Cramer believes that it should be approved in Europe during the first half of the year and in the U.S. in the second half.

Hansen's only competitor is Stereotaxis (STXS Quote), and while Cramer said he'd prefer a monopoly, he can live with a duopoly, especially because Hansen's machine is cheaper. The best part of this story, he said, is that it was founded by Intuitive Surgical.