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

Stock quotes in this article: JCP , XTO , TIN , RIG , HNZ , SLB , DELL  

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.

Want more Cramer? Check out Jim's rules and commandments for investing from his popular book by clicking here.

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At the time of publication, Cramer was long Transocean.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of TheStreet.com or its affiliates, or CNBC, NBC UNIVERSAL or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither TheStreet.com, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or TheStreet.com is related to the specific opinions expressed by him on "Mad Money."

None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, TheStreet.com or CNBC that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the program. Mr. Cramer's past results are not necessarily indicative of future performance. Neither Mr. Cramer, nor TheStreet.com, nor CNBC guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the program. The strategy or investments discussed may fluctuate in price or value and you may get back less than you invested. Before acting on any information contained in the program, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

Some of the stocks mentioned by Mr. Cramer on "Mad Money" are held in Mr. Cramer's Action Alerts PLUS Portfolio. When that is the case, appropriate disclosure is made on the program and in the "Mad Money" recap available on TheStreet.com. The Action Alerts PLUS Portfolio contains all of Mr. Cramer's personal investments in publicly-traded equity securities only, and does not include any mutual fund holdings or other institutionally managed assets, private equity investments, or his holdings in TheStreet.com, Inc. Since March 2005, the Action Alerts PLUS Portfolio has been held by a Trust, the realized profits from which have been pledged to charity. Mr. Cramer retains full investment discretion with respect to all securities contained in the Trust. Mr. Cramer is subject to certain trading restrictions, and must hold all securities in the Action Alerts PLUS Portfolio for at least one month, and is not permitted to buy or sell any security he has spoken about on television or on his radio program for five days following the broadcast.





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