Cramer's 'Mad Money' Recap: The Prius of New Tech

Finally, Cramer said he likes Baldor's overseas exposure. He said that while many CEOs complain of a weak dollar, Baldor has stated that it has given it a competitive advantage overseas.

Trading at 12.3 times forward earnings and sporting a 13.7% long-term growth rate, Cramer said Baldor is a steal.

An Attractive Dividend-Growth Play

After being stumped earlier in the week by a caller asking about Linn Energy (LINE Quote), Cramer did the homework and considers the company a buy. He credited his viewers with giving him many great stock ideas over the years.

Cramer said Linn is the next great play on the high price of oil. He said Linn is a limited master partnership with a monster 10.5% dividend yield. The company drills for oil mainly in mature fields and has 1.7 trillion cubic feet of proven natural gas reserves. Cramer called Linn a "unique opportunity" for investors to combine growth with a high yield, and the possibility of a future stock buy-back program to boot.

Cramer said he also likes Linn for its recent turnaround. The company has been selling non-core assets to concentrate on its core operations, taking advantage of higher prices along the way. Because Wall Street has largely ignored the stock, it's a great time to get in before the analysts start taking notice, he said.

Listen to the Ax

"Knowing how and why stocks move is vital knowledge for anyone who wants to be a good investor," Cramer told viewers.

That's why he offered an inside look into why Research In Motion (RIMM Quote) went up seven points in Monday's market, lifting the entire Nasdaq along with it.

Cramer credited Rod Sanderson, an analyst at American Technology Research, for yesterday's rally in RIMM. He called Sanderson "the ax," a Wall Street term for the analyst with "the edge" on a stock.

Sanderson has been alone in recommending RIMM, said Cramer, giving him the inside edge and credibility on where the stock might be headed. When Sanderson raised his guidance yesterday from $4.25 to $4.60 a share, the move turned heads, said Cramer.

"The rest of the Street now must bow to Sanderson's wisdom," he said.

When "the ax" raises guidance and has the highest estimates out there, it causes a ripple effect, with multiple firms immediately following suit, playing catch-up, he said, noting that is exactly what happened with RIMM Monday.

"The shorts cannot put out this fire," said Cramer, who gave Sanderson a standing ovation for a job well done.

Mad Mail

In this segment, Cramer told a viewer that while he would not buyer either Focus Media (FMCN Quote) or McDonald's (MCD Quote) ahead of the 2008 Olympic games, he would buy Yum Brands (YUM Quote) for their continued successes in China.

He told a second viewer that while there are no deep water wildcat drillers, he likes Devon (DVN Quote) as a play on deep water drilling for oil.

Sudden Death

Cramer was bullish on Martha Stewart Living (MSO Quote).

He was bearish on Ivanhoe Energy (IVAN Quote).

Lightning Round

Cramer was bullish on Capstone Turbine (CPST Quote), James River Coal (JRCC Quote), Apogee Enterprises (APOG Quote), Wal-Mart (WMT Quote), Northern Oil and Gas (NOG Quote), Continental Resources (CLR Quote), Costco (COST Quote), Urban Outfitters (URBN Quote), TJX Companies (TJX Quote) and Concho Resources (CXO Quote).

Cramer was bearish on Nortel Networks (NT Quote), Dow Chemical (DOW Quote) and Grey Wolf (GW Quote).

Want more Cramer? Check out Jim's rules and commandments for investing by clicking here.

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