Cramer's 'Mad Money' Recap: Feb. 18

Finally, asked what the company plans to do with all of the cash it will be generating from its new mines, Boyd said Agnico, with its long track record of paying dividends, is likely to return any extra cash to its shareholders in the form of increased dividends.

Cramer told viewers that not everything that goes up is a bubble, and he feels that gold should be a part of everyone's portfolio. He said he's a buyer of Agnico.

Off the Charts

In this segment, Cramer took a hard look at IBM (IBM Quote) to see if this company's chart and its fundamentals have what it takes for the toughest of markets.

Cramer said according to the chartist, IBM looks good. The company sold off big in October on large volume before hitting its low in mid November. Since then the stock has been showing signs of strength, trading above its 50-day moving average, with peaks continually hitting its resistance line.

On a fundamental basis, Cramer said there's only one reason to own IBM: its earnings. The company recently beat Wall Street estimates by 23 cents a share. IBM is in the business of saving other company's money, said Cramer, with 80% of its revenues coming from software and services.

With a $170 billion backlog, Cramer said the outlook for IBM looks strong. He also likes the company's 2.1% dividend yield and its stock buyback program. He said he'd be a buyer of IBM on any weakness and especially if it fell under $90 a share.