Cramer's 'Mad Money' Recap: Cramer's Picks for 2008

BioMarin(BMRN Quote), he added, should still work as it has a good pipeline.

Before Cramer can bless Rite Aid(RAD Quote), he said he needs to see a couple of good quarters from it. On Level 3 Communications(LVLT Quote), Cramer said he likes it because video on the Web is growing. Plus, the company's CEO, James Crowe, is back after recovering from an illness.

What Worked in 2007

Even though the market was down on the first trading day of 2008, "there's always a bull market kicking around somewhere," Cramer told viewers.

The oil, infrastructure and ethanol markets, he said, are looking good, and gold is skyrocketing. Cramer said he likes Yamana (AUY Quote) and Barrick (ABX Quote) out of the gold stocks.

Last year, his 2007 stocks of the year, on average, beat the S&P, but Cramer said he learned a few lessons from these picks.

For value, Cramer said he liked Halliburton, Goldman Sachs and Altria. All of these stocks were up big.

For growth, he liked Cisco, NYSE and Apple. Here, while Apple had a stellar performance, Cisco and NYSE were down, he said.

Finally,Savient Pharmaceuticals (SVNT Quote), BioMarin, Rite Aid and Level 3 Communications were his speculative picks for the year, Cramer said.