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

"As VMware does better, Brocade does better," Cramer said.

In addition, the stock is cheap, he said, noting that the stock, which is currently at $9, will rise to $12 if it trades at 1.5 times its growth rate.

Dump Crocs

During his "Sell Block" segment, Cramer told viewers that it's time to sell Crocs (CROX Quote) because it has fallen by more than 36% in a short period of time.

"It was a true and genuine disappointment with an unimpressive quarter and dismal guidance," he said. The last time Crocs was at $50, he advised market players to buy it, but now it's time to sell it.

Crocs is a momentum play and can only justify its valuation by beating its earnings, and this time it did not, Cramer said. He said the only reason he stuck with Crocs was its consistent earnings story, but that has now evaporated.

When these kinds of momentum stocks fall apart, they take years to come back, if ever, he said. Just take a look at Buffalo Wild Wings (BWLD Quote) and NutriSystem (NTRI Quote). "In each case there was a bounce, and in each case it was over," Cramer said.

He believes there will be a small bounce in Crocs, too, and "when it bounces, you got to go," he said. Sure, Crocs could defy the odds and come back, but it's not likely. "Sell it," Cramer said. "The fundamentals are not as good."