Cramer's 'Mad Money' Recap: How to Ride a Wild Bull Market

Mad Mail

In his "Mad Mail" segment, Cramer advised viewers to trade out all but a quarter of their positions in Apple (AAPL) leading up to the date when its iPhone product is launched.

"I do believe the stock will get its head handed to it the day that the stuff gets out," he said.

Responding to another mailer, Cramer agreed that there is not much M&A activity going on in the oil patch and said he believes this is a mistake.

"GlobalSantaFe (GSF) should be acquired by somebody because it has so much business to do," he said.

Moreover, once the private equity firms realize the sustainability of the earnings in the sector, they should come in, Cramer said. However, he doesn't expect this will happen until the fall.

Lightning Round

Cramer was bullish on Anadarko Petroleum (APC), XTO Energy (XTO), URS (URS), Level 3 Communications (LVLT), Olin (OLN), Carmike Cinemas (CKEC), General Maritime (GMR), Edison International (EIX), Consolidated Edison (ED), Dominion (D), Cisco (CSCO), Toyota Motor (TM) and Vodafone (VOD).

Cramer was bearish on Stratasys (SSYS), Ultra Clean Holdings (UCTT), DivX (DIVX), American Eagle Outfitters (AEO), Cinemark (CNK), Regal Entertainment (RGC) and Nippon Telegraph & Telephone (NTT).

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

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