Cramer's 'Mad Money' Recap: Stocks for After the Fed Cut

Bullish Icahn

Playing a game of follow the leader can be "incredibly lucrative" at times, Cramer told viewers. And one of his favorite activist investors is "proven winner" Carl Icahn.

Lately, Cramer said, Icahn's been "extremely bullish" on one big software company: BEA Systems (BEAS Quote). In addition to the fact that he's increasing his stake in it, Icahn wants management to try to sell the company, as it's becoming increasingly difficult for BEAS to prosper as a stand-alone company.

It would attract a meaningful premium for investors if it were sold, Cramer said. Icahn believes that if it doesn't want to fall apart, BEAS should sell itself. Since Icahn is an activist investor in the company, said Cramer, he will likely try to push the company into doing what he feels is right.