Cramer's 'Mad Money' Recap: BASF's Good Chemistry

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"Tonight we're talking predators and prey in the mini-chemicals bull market," Jim Cramer told viewers of his "Mad Money" TV show Thursday.

The chemical predator here, he said, is BASF (BF Quote), which is the biggest chemical company in the world.

The Ludwigshafen, Germany-based company also happens to be the next stock on Cramer's weeklong "European Vacation" series. "I like BASF because it has nothing to do with the United States," he said. "It has a lot of rest of world exposure."

Chemical companies have become great takeover targets, but don't expect BASF to get a bid, Cramer told viewers.

Like takeover candidates, stocks that belong to good businesses, with good earnings, can move up, too. "That's what you're buying with BASF."

Cramer said he wouldn't be surprised to see BASF, now at $136, hit $150. "As long as chemicals remain in favor, BASF will not be denied," he said.

Beyond the fact that the industry is "smoking," BASF is becoming less cyclical, which means its earnings are becoming more consistent, Cramer said. "It has earnings that allow you to sleep at night."

Plus, though it is a predator in the chemicals industry, BASF also has, on a smaller scale, its hands in two more bull markets: agriculture, and oil and gas, he said.