Cramer's 'Mad Money' Recap: Fill 'Er Up With ConocoPhillips

COP is still cheap based on its fundamentals, trading at 1.3 times growth; it is a stock that should go to $120, Cramer said.

iPod Plays Bunny for Energizer

Energizer (ENR Quote) is another stock that should keep going to $120 because of two words: "the iPod," Cramer told viewers.

The company, he said, is working on a battery that could extend the life of the iPod battery, "a great development for Energizer."

Advertising Age, which is where Cramer said he got the idea of recommending Energizer, recently reported in an article titled "Energizer Aiming to Be Big Player in iPod Economy" that the new battery could add up to 46 hours of playtime between iPod charges.

Moreover, the article states that Energizer is coming out with a new charger that could bring dead iPod batteries back to life. This is a big deal, because Apple's (AAPL Quote) iPod battery tends to die after two years of use, Cramer said.

Although Energizer is only a couple of points below its high and is trading at 1.8 times its growth rate (the high end of his price range), Cramer said he believes Energizer should make it to the $120 finish line. Analysts covering the stock all think it's too expensive, but they should soon part ways, he added.