Cramer's 'Mad Money' Recap: June 25

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Jim Cramer returned to the theme of clean offshore drilling on his "Mad Money" TV show on Wednesday.

Cramer brought up the use of so-called subsea Christmas trees in offshore drilling. He said the trees are effective in making drilling safer and cleaner because they help control the flow of oil and gas as well as other fluids used to regulate pressure to reduce the chances of an oil spillage.

He said the increased use of these trees and their connection to a single manifold helps oil companies reduce the number of rigs needed at the surface.

Cramer said the market leader in this technology is an old favorite of his: FMC Technologies(FTI Quote - Cramer on FTI - Stock Picks).

The stock now trades at around $71, a substantial jump from $61, when he first mentioned it. FMC, which has $5 billion worth of work in backlog, expects another $1.8 billion worth of work in the next 15 months. Moreover it expects to grow 62% over the next five years. And it's considering a stock buyback of 10% of its outstanding shares.

"It is my Christmas present to you," and that "this (stock) is really cheap in my book," said Cramer.

Cramer: You Don't Have to Be Just Like Me

Turning Trash to Cash

Cramer turned his attention to a potential duopoly in the waste management business with the acquisition of Allied Waste by Republic Services(RSG Quote - Cramer on RSG - Stock Picks).

Cramer said that this deal, which is expected to close in the fourth quarter, will make the combined company the No. 2 waste management company in the U.S., with control of 60% of the waste disposal capacity in the domestic market.

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