Cramer's 'Mad Money' Recap: Play It Safe

Moreover, Cramer said, Wyeth recently raised its dividend and has the largest big pharma buyback. It is a defensive and inexpensive stock with a great pipeline. People should consider buying, he said.

Sudden Death

During the "Sudden Death" round, Cramer was bullish on Sirius Satellite Radio (SIRI Quote), Nordstrom (JWN Quote) and Aecom (ACM Quote).

He was bearish on Acadia Pharmaceuticals (ACAD Quote).

Mad Mail

In his "Mad Mail" segment, Cramer told an emailer that while Foster Wheeler (FWLT Quote) may be expensive, its estimates are way too low for next year.

That said, right now it's good to take profits in Foster Wheeler because it's a momentum stock and all the momentum stocks are being sold right now, he said.

Responding to another viewer, Cramer agreed that if oil calms down for a bit, then it would be a good trade to buy the refiners and tanker stocks as the crack spread narrows, tanker demand increases and crude goes down.

He said he prefers the refiners, noting Marathon (MRO Quote) is his favorite.

Lightning Round

Cramer was bullish on RPM International (RPM Quote), Intel (INTC Quote), Microsoft (MSFT Quote), Cisco (CSCO Quote), Baidu.com (BIDU Quote), Google (GOOG Quote), AT&T (T Quote), Aecom (ACM Quote), Foster Wheeler (FWLT Quote) and First Solar (FSLR Quote). Jakks Pacific (JAKK Quote).

Cramer was bearish on Diageo (DEO Quote), AirMedia Group (AMCN Quote), Citrix Systems (CTXS Quote), Amazon.com (AMZN Quote), BE Aerospace (BEAV Quote), Mattel (MAT Quote), Riverbed Technology (RVBD Quote) and MEMC Electronic Materials (WFR Quote).

Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by clicking here.

For more of Cramer's insights during the Lightning Round, click here.