Cramer's 'Mad Money' Recap: Best Little Stocks in Texas

The next student pitched Broadcom (BRCM Quote), saying she likes the stock for the following three reasons: It has a "diverse and very impressive product portfolio," accelerated revenue growth, and "improved inventory management."

Further, the student believed that people should not be worried about options backdating because the company has cleaned up its balance sheet and is ready to go.

Cramer said he would put Broadcom on his watch list and buy it in August because right now he doesn't like tech.

When the last student tried to sell him Wal-Mart (WMT Quote), Cramer asked the student if he wasn't scared of the appearance of a Wal-Mart store.

The student said no, and pointed out an amazing new store that recently opened in the area. "I think they have it down," the student said, referring to the retailer, and "management is finally getting focused on what they need to do."

Although the student said the stock is not going to go "gangbusters," he believes that in 12 to 18 months, people are going to be happy with it.

Cramer said that after hearing this, he'll go to three Wal-Marts in the next 72 hours and do his own homework before making a decision.

After all, even though Cramer has been bearish on Wal-Mart, "maintaining an open mind is everything in this business," he said.

Lightning Round

Cramer was bullish on Lockheed Martin (LMT Quote), Reliance Steel (RS Quote), Freeport-McMoRan (FCX Quote), Jacobs Engineering (JEC Quote), Foster Wheeler (FWLT Quote), Transocean (RIG Quote) and GlobalSantaFe (GSF Quote).

Cramer was bearish on Riverbed Technology (RVBD Quote), United States Steel (X Quote), Southwest Airlines (LUV Quote), Advanced Micro Devices (AMD Quote), GameStop (GME Quote) and Diamond Offshore (DO Quote).

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

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