Cramer's 'Mad Money' Recap: Bulk Up on Dry Bulk Shippers

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Investors will profit if they devote attention to the dry subject of dry shipping, Jim Cramer told viewers of his "Mad Money" TV show Wednesday.

Nobody talks about dry bulk shipping stocks because they're boring. "I can't throw pies or wear funny clothes when I talk about dry bulk shipping," Cramer said. The money to be made on these stocks, however, is very exciting; they provide "huge and reliable dividends," he said.

Dry bulk shipping stocks have risen enormously since July, when Cramer recommended them. "This industry is one of the great bull markets in the world right now," he said.

Cramer took a break from his discussion of dry bulk shippers to note that eBay EBAY reported earnings. "Do not sell," Cramer strongly urged viewers. Pointing to the success of Paypal, large share volume and loads of cash, he concluded eBay is going to $50.

Cramer finished discussion of dry cargo shippers by selecting two of his favorites. Of the conservative variety of dry shippers, Cramer selected Paragon PRGN over OceanFreight OCNF, seeing bigger upside with Paragon.

Of the riskier shippers, Cramer selected Diana DSX over Genco Shipping & Trading GNK. Diana is up 17% since July and offers a 6% yield, giving it an edge over Genco.