Cramer's 'Mad Money' Recap: July 24

In fact, Goings said that there are more Tupperware representatives in Latin America than in the U.S. He said China, Indonesia and Malaysia are also areas of strength for the company, adding the U.S. only accounts for 15% of the company's sales.

Cramer confirmed his support for Tupperware and re-recommended buying the stock.

Martha's Magic

In the Thursday "Sell Block" segment, Cramer did the unthinkable, and released Martha Stewart Living Omnimedia (MSO Quote) from prison and recommended buying the stock. Cramer, who had been negative on the company for years, said he now feels MSO is poised for a turnaround.

Cramer acknowledged all of the company's negatives, including softening magazine revenues, CEO Susan Lyon's recent departure from the company, partner K-mart cancelling its contract with the company, and the fact that Martha herself is too involved in the company. But, he said, "all of these facts can positives as well."

Cramer sees Martha Stewart Living as a turnaround play from just a publisher to a merchandising powerhouse. He said that he welcomed Susan Lyons' resignation, saying that it's time for someone new at the helm. Cramer welcomed Charles Koppelman as the company's new CEO.

Cramer offered praise to Martha herself, saying that Martha has always done an amazing job for the company. He said that Martha's involvement in the company should not be seen as a negative.

Cramer also noted several other positives at MSO, including new merchandising deals with Wal-Mart (WMT Quote), Costco (COST Quote) and a continued partnership with KB Home (KBH Quote). He also said the company's expansion overseas is strong.

"There is no better sign of a bottom than universal negativity," said Cramer. While he did not recommending buying the stock before the company reports next week, he did advocate buying in under $8 a share.

Mad Mail

In this segment, Cramer told a viewer that Qualcomm (QCOM Quote) is going much higher.

He told a second viewer that he's not a fan of Boeing (BA Quote) but would consider Northrop Grumman (NOC Quote).

Cramer defended his call to sell Peabody Energy (BTU Quote), saying that he can't have people too exposed to the energy sector with fuel pricing falling.

Sudden Death

Cramer was bullish on Anadarko Petroleum (APC Quote) and Exelon (EXC Quote).

He was bearish on Focus Media (FMCN Quote).

Lightning Round

Cramer was bullish on Nabors Industries (NBR Quote), Schlumberger (SLB Quote), Petrohawk Energy (HK Quote) and Rent-A-Center (RCII Quote).

He was bearish on Whole Foods (WFMI Quote), Halliburton (HAL Quote), InterDigital Communications (IDCC Quote) and Waste Management (WMI 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.