Cramer's 'Mad Money' Recap: The New 'Indestructible' Stocks

Instead, it's time to play defense with indestructibles like Pepsi, Coke, Procter, Medco Health and Altria.

Oprah's Picks

During the Christmas and Hanukkah season, Oprah Winfrey does a show every year dedicated to her favorite gift products. This year, Cramer has three Oprah plays that could make people a bundle for the holidays.

Among Oprah's favorite 2007 items are boots from Deckers (DECK Quote) (DECK Quote), the Scrabble board game from Hasbro (HAS Quote), the planet earth DVD from Discovery (DISCA Quote).

Cramer likes Hasbro the least of the three plays because toy-sale projections are not strong for next year. However, he said the toy manufacturer did make it through recalls with minimal damage, and investors should look at Hasbro as a two-year play.

Discovery Holding is a good play with two catalysts: a potential stock buyback in the works and talks under way to obtain 100% control of Discovery Communications, Cramer said.

But his favorite stock of the bunch, Cramer said, is Deckers, which is up by more than 400% since he first recommended it two years ago. The company, he said, is great at underpromising and overdelivering, has "strong brands," and is enjoying significant growth in direct sales. Cramer called Deckers "one of the rare growth stocks" he'd embrace right now.

"Between now and Christmas, Deckers is money," he said.