Cramer's 'Mad Money' Recap: Ride NYSE-Euronext Success

The next addition to the BOD list was a name that Cramer himself hadn't given the benefit of the doubt: Federated Department Stores' (FD Quote) Terry Lundgren.

"At first I trusted him, then I turned my back on him, and then he made me look like a fool for doubting him," Cramer said.

Last year Lundgren missed his quarter "big" and said it wouldn't happen again, Cramer said. While at first Cramer said he believed the CEO, he was "racked with indecision and doubt" and finally gave up on Federated in December.

But Lundgren was right, and investors who believed him made some money. Cramer said he's not doubting Lundgren again and that people should learn from his mistakes and give both Lundgren and Ullman the benefit of the doubt.

A while back, a viewer from Mississippi called in asking about Harris Stratex Networks (HSTX Quote), but Cramer wasn't familiar with the stock and said he'd get back to it.

Now, after doing his homework, Cramer believes that Harris Stratex's parent company Harris (HRS Quote) is a better stock to own. He advised selling the child, Harris Stratex, and buying the parent, Harris.

Though Cramer doesn't consider Harris Stratex's business of microwave radios to be that strong, he called Harris "sweet." Its other businesses, which include government communications systems, RF communications and broadcast, "are very strong," he said.