Cramer's 'Mad Money' Recap: GameStop's Green Christmas

Therefore, Cramer said GameStop is his takeaway. If games are good for Wal-Mart that means they are going to be fantastic for GameStop.

This stock is a "triple-buy" off the Wal-Mart quarter, he said. GameStop is not economically sensitive and it is benefiting from video game players which are older and more addicted than ever.

Tune in Corning

Wal-Mart said in its call that it is also moving a lot of TV sets. However, Cramer said there are too many companies in that space and competition is fierce.

However, one company market players should consider is Corning (GLW Quote), which makes the glass needed in liquid crystal display televisions and which is the best in breed in its business, he said.

The stock, which Cramer owns for Action Alerts PLUS, is trading below where it was when it gave conservative guidance in October, he said. However, recently Corning raised guidance, but it's still not trading as high as it should be.

"With its raised outlook it should get a lot more love from the Street" and raised estimates from analysts, Cramer said.

Also in Corning's conference call, the company mentioned "tight supply and demand," which means high pricing for Corning, he said.

In addition, he said it has bendable fiber, which hasn't been priced into the stock, and which "big spender" Verizon (VZ Quote) should be gobbling up.

"Some companies deserve to be cheap, but Corning is not one of them," said Cramer, adding it is heading much higher.

Am I Diversified?

During the "Am I Diversified?" game, the first player called out the following five companies: Sirius Satellite Radio (SIRI Quote), Ford (F Quote), AT&T (T Quote), McDonald's (MCD Quote) and Human Genome Sciences (HGSI Quote).

Cramer called HGSI too speculative and said he'd rather see the caller in a stock like Celgene (CELG Quote) instead.

The next caller said he owned these five plays: Daimler (DAI Quote), Coca-Cola (KO Quote), Google (GOOG Quote), Celgene and CVRD (RIO Quote).

"That is what we're looking for," Cramer said, blessing the portfolio as diversified.

The final caller asked if he was diversified with these five stocks: Apple (AAPL Quote), Occidental Petroleum (OXY Quote), MetLife (MET Quote), Cisco (CSCO Quote) and Yum! Brands (YUM Quote)

Cramer suggested the caller swap out of MetLife and into Prudential (PRU Quote).

He also said Cisco and Apple are both in technology. He advised him to sell Cisco and pick up a defense contractor or healthcare company.

Water Bill Refreshes Tetra Tech

Tetra Tech (TTEK Quote) CEO Dan Batrack joined Cramer on the show, where he said his company beat fourth-quarter expectations due to increased margins.

"We had a great performance on earnings," Batrack said, noting margins for Tetra Tech's civil engineering business were up 50%. "We really focused on making sure we hit or exceed all of our forecasts."

The recent water bill Congress passed will create much upside for the company, Batrack continued. Half of the $23 billion for around 1,000 earmarked water infrastructure projects are expected to come out within the next five years, he said. This is the heart of Tetra Tech's business and "we've never seen business stronger," he added.

Lightning Round

Cramer was bullish on Herbalife (HLF Quote), Vodafone (VOD Quote), Verizon (VZ Quote), AT&T (T Quote), Colgate-Palmolive (CL Quote), PepsiCo (PEP Quote), Coca-Cola (KO Quote), Strayer Education (STRA Quote), ITT Educational Services (ESI Quote), Annaly Capital Management (NLY Quote), Mettler-Toledo (MTD Quote), Rogers Communications (RCI Quote), Shaw Group (SGR Quote), Foster Wheeler (FWLT Quote), Onyx Pharmaceuticals (ONXX Quote), Genentech (DNA Quote), Celgene (CELG Quote) and GameStop (GME Quote).

Cramer was bearish on DryShips (DRYS Quote), USANA Health Sciences (USNA Quote), Starent Networks (STAR Quote), Wynn Resorts (WYNN Quote), ISIS Pharmaceuticals (ISIS Quote), Ctrip.com (CTRP Quote), Walter Industries (WLT Quote) and Take-Two Interactive (TTWO Quote).

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