Cramer's 'Mad Money' Recap: Retreat to Defensive Stocks

The stock, he said, is Focus Media (FMCN Quote), one of his four horsemen of China. The other three horsemen, he said, are Baidu (BIDU Quote), PetroChina (PTR Quote) and China Mobile (CHL Quote).

Focus Media owns the Chinese advertising market, Cramer said. Yesterday, the company announced an agreement to buy CGEN Digital, its biggest competitor in in-store digital advertising. The deal is monopolistic, a quality he said he likes and one which Focus Media should gain from.

In addition, Cramer said Focus Media has become the largest Internet advertiser in China after it bought Allyes AdNetwork, an Internet advertising company, earlier this year. Going forward, Cramer said he wouldn't be surprised if Google (GOOG Quote) tried to buy a stake in Focus Media to get into the advertising market in China.

Cramer said the stock has come down because of concerns that its margins could be hurt because of its recent acquisitions. However, he believes the company's margins should improve dramatically next year when the acquisitions are integrated.

The market is nervous about Focus Media's acquisitions, but Cramer said he's not.

That said, the stock has the potential to come down because of the integration risk, but if people see an opportunity to get in, they should take it, he said. He said the stock, which closed at $54.86 on Tuesday, could move to $75 next year.