Cramer's 'Mad Money' Recap: Apache Heats Up Oil Patch

It's cheap compared with many of its competitors, and if it were to get a 15 multiple, the $100 stock could go to $130, Cramer said, adding that a 17-multiple would push Apache to $147.

The Fourth Horseman

Even during a horrible market day like Thursday, Cramer said he likes to recommend stocks that are working. The one sector that is working is tech, he said, adding that there's been a huge tech rally and it's getting stronger.

The three horsemen that have been the vanguard of this rally have been Research In Motion (RIMM Quote), Apple (AAPL Quote) and Google (GOOG Quote).

Then he singled out a tech stock that has been overlooked: Brocade (BRCD Quote)."

Brocade, Cramer said, is in the storage and networking business, where it competes with Cisco (CSCO Quote) "in a happy duopoly."

He said the Street hasn't paid much attention to the stock, but that's about to change once it realizes Brocade's connection to VMware (VMW Quote).

VMware, Cramer explained, makes virtualization software that turns one computer into many computers. While that hurts many other players in the tech space because of the need for fewer servers, it increases the demand for software area networks, he said. This, he emphasized, is where Brocade comes in because it makes the switches and ports that route data over these networks.