Cramer's 'Mad Money Recap': Air Products Will Take Off

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Jim Cramer on his "Mad Money" TV show Wednesday continued his theme of stocks headed from $80 to $120 with his next offering: Air Products and Chemicals (APD Quote).

So far Cramer has tapped Boeing (BA Quote), Energizer (ENR Quote), ConocoPhillips (COP Quote) and Caterpillar (CAT Quote), which he owns for his charitable trust, Action Alerts PLUS, as stocks he sees going from $80 to $120.

Elaborating on that theme, Cramer said that stocks that make it to $80 are stocks with serious institutional backing. Big institutional buyers are the ones buying shares hand over fist, and once the stocks reach $100, they become anointed names, Cramer said. And as more people get into the stocks, their momentum continues.

Although the idea may seem "foolish," it could make people some serious money, he said.

Air Products fits the profile of such a stock, Cramer said. It is a "classic turnaround story" that started in the gas business and expanded to the energy and electronics sector. It has growth and momentum, he said. "They know there's always a bull market somewhere, and they have a knack for finding it."

Moreover, Air Products is the world's biggest hydrogen producer and is an ultimate pin-action play off the environment, as it helps provide hydrogen to refineries to clean up oil, Cramer said. "It is a green-day play that actually makes money."