Cramer's 'Mad Money' Recap for July 31

Stock quotes in this article: OC , TRN , MTZ , FSLR , NOV  

Miller touted the company's current oil rigs as extremely safe and environmentally friendly. He said the big offshore oil spill of 1969 just couldn't happen with today's equipment.

Cramer reiterated his buy on National Oilwell Varco, calling it the "single best drilling-related company to own."

A Major Blockbuster in the Making

In the "Sell Block" segment, Cramer looked at a recent New York Times article which reported that the instances of Type 2 Diabetes in children increased 10% to 12% a year. Prescriptions for these children between 2001 to 2007 were up 151%.

In light of the news, Cramer released Novo Nordisk (NVO Quote), the global leader in insulin, from the sell block, called the company a buy.

Cramer called the company's new diabetes and weight-loss drug, Liraglutide, one of the biggest prospective drugs he's ever seen. With approval expected for the drug in the second quarter of next year, Cramer said now is the time to get into Nordisk before the anticipation for the drug grows.

Liraglutide's slow release formula allows for it to be taken just once daily compared to twice daily for the closest competitor, Byetta.

Cramer said Liraglutide appeal also extends beyond diabetes. Novo Nordisk released a study back in June showing that overweight patients without diabetes lost an average of 16.5 to 17.6 pounds. He called the drug a blockbuster.

Mad Mail

Cramer defended his positive call on Research In Motion (RIMM Quote) by again stating that the market is big enough for both it and Apple (AAPL Quote)'s iPhone.

Sudden Death

In Sudden Death, Cramer was not bullish on any stocks. He was bearish on China Telecom (CHA Quote) and Grey Wolf (GW Quote).

Lightning Round

Cramer was bullish on Petrohawk Energy (HK Quote), Allergan (AGN Quote), Coca-Cola (KO Quote), Pepsico (PEP Quote), Frontline (FRO Quote) and Nordic American Tanker (NAT Quote).

Cramer was bearish on Mastercard (MA Quote), Alon USA (ALJ Quote), Star Bulk Carriers (SBLK Quote), Nordic American Tanker (ERJ Quote), CBS Corp (CBS Quote) and ACE Limited (ACE 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.

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At the time of publication, Cramer was long Trinity Industries.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of TheStreet.com or its affiliates, or CNBC, NBC UNIVERSAL or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither TheStreet.com, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or TheStreet.com is related to the specific opinions expressed by him on "Mad Money."

None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, TheStreet.com or CNBC that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the program. Mr. Cramer's past results are not necessarily indicative of future performance. Neither Mr. Cramer, nor TheStreet.com, nor CNBC guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the program. The strategy or investments discussed may fluctuate in price or value and you may get back less than you invested. Before acting on any information contained in the program, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

Some of the stocks mentioned by Mr. Cramer on "Mad Money" are held in Mr. Cramer's Action Alerts PLUS Portfolio. When that is the case, appropriate disclosure is made on the program and in the "Mad Money" recap available on TheStreet.com. The Action Alerts PLUS Portfolio contains all of Mr. Cramer's personal investments in publicly-traded equity securities only, and does not include any mutual fund holdings or other institutionally managed assets, private equity investments, or his holdings in TheStreet.com, Inc. Since March 2005, the Action Alerts PLUS Portfolio has been held by a Trust, the realized profits from which have been pledged to charity. Mr. Cramer retains full investment discretion with respect to all securities contained in the Trust. Mr. Cramer is subject to certain trading restrictions, and must hold all securities in the Action Alerts PLUS Portfolio for at least one month, and is not permitted to buy or sell any security he has spoken about on television or on his radio program for five days following the broadcast.





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