Cramer's 'Mad Money' Recap: Nvidia on Spec

Further, even though the PC market has been a "treacherous" place over the last year, NVDA has managed to beat its estimates for the last four quarters, Cramer said. Plus, it has a billion-dollar buyback, which is pretty impressive for a company of its size.

Mad Mail

In his "Mad Mail" segment, Cramer told a mailer he is feeling very "hoggish" with Crocs (CROX Quote) and endorsed selling some of the stock. Also, he said he is worried that Crocs didn't participate in the rally during the last couple of days.

Responding to another viewer, Cramer said he believes that Level 3 Communications' (LVLT Quote) bandwidth-shortage story is still on. "I would pull the trigger right here," he said.

Moreover, Cramer called Sears (SHLD Quote), which he owns for his charitable trust, Action Alerts PLUS, a "must own," and he said he would stick with Costco (COST Quote).

Game Plan

In April, Cramer said, he did a series about likely private-equity buyouts. Today, one of the stocks he had mentioned as a potential buyout candidate in that series, Penn National Gaming (PENN Quote), announced that it is being acquired by Fortress Investment Group (FIG Quote) and Centerbridge Partners.

This, Cramer said, encourages him to advise people to go out and buy Cheesecake Factory (CAKE Quote), TJX (TJX Quote) or Ross Stores (ROST Quote) next week as other potential buyouts.

Cramer suggested people take a little Taser (TASR Quote) off the table.

During his "Game Plan" segment, Cramer said he believes that next week the Paris Air Show -- a "glorified fashion show" -- should bring some attention to the aerospace sector. Here he said he likes Boeing (BA Quote) and BE Aerospace (BEAV Quote).