Cramer's 'Mad Money' Recap: Ugly Market Limits Picks

Cramer noted that Darden is also a casualty of the ethanol craze. With the company's recent acquisition of Longhorn Steakhouse, it now suffers from the rising raw costs associated with corn-fed beef. "Everything Darden needs requires corn, and corn is getting expensive."

Turning a Profit in a Tough Business

Cramer welcomed Cliff Hudson, chairman and CEO of Sonic (SONC Quote), to the show to discuss the company's recent success. He noted that while many restaurants are struggling to make the bottom line, Sonic continues to excel.

Hudson attributed the company's success to innovation and growth, citing its "happy hour," half-priced drink promotion as one way it has sparked growth and increased traffic in a trying time for most restaurant chains. He acknowledged a "challenging environment with commodities and labor getting tougher," but sees price elasticity in many of their markets.

Cramer pointed out that he's been behind Sonic since day one. The company still does not have national exposure but does have an aggressive stock-repurchase program.

In the Lightning Round, Cramer was bullish on Halliburton (HAL Quote), Schlumberger (SLB Quote), Transocean (RIG Quote), Oceaneering International (OII Quote), FMC Technologies (FTI Quote), McDonald's (MCD Quote), Yamana Gold (AUY Quote), Barrick Gold (ABX Quote), VF Corp. (VFC Quote), Monsanto (MON Quote), Core Labs (CLB Quote),

Cramer was bearish on Parker Drilling (PKD Quote), Western Refining (WNR Quote), Valero Energy (VLO Quote), NetSuite (N Quote) and Dendreon (DNDN Quote)

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