Cramer's 'Mad Money' Recap: June 27

Friday's pick in cleaner off shore drilling technology is Hornbeck Offshore Services(HOS Quote - Cramer on HOS - Stock Picks).

Hornbeck makes offshore support vessels (OSVs) that are the lifeblood of offshore drilling. OSVs enable rigs to remain upright during extreme weather so they don't float away and jeopardize operations. As more rigs move offshore, they become more isolated and OSVs help in bringing supplies and removing waste. They are equipped with firefighting equipment and help with repairing rigs.

There's a shortage of OSVs right now and there's a need to update these vessels. With the second largest fleet off the Gulf of Mexico, Hornbeck is in a position to command better rates for their OSVs.

The company has sent some of their newest OSVs to Brazil and is involved in a lot of decommissioning projects in Gulf of Mexico. Hornbeck could also sell its tugboat and barge business and use the proceeds to buy more OSVs, said Cramer.

The stock sells at 11.2 times its earnings. It is a small company with only 20 million shares traded. Cramer said investors should use limit orders when buying and wait for a pull back before you pull the trigger.

Motoring with Baldor

Cramer gave his stamp of approval to Baldor Electric(BEZ Quote - Cramer on BEZ - Stock Picks), which makes a large variety of industrial motors ranging from those used in medical equipment, semiconductor manufacturing to those in mining and oil and gas machines.

"Anywhere there is movement, there's a motor," John McFarland, chairman and CEO of Baldor told Cramer. "We don't make any motors that you find in your home or in your car."

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