Cramer's 'Mad Money' Follow-Up: Clorox

On Friday's "Mad Money" TV show, Jim Cramer celebrated "Speculation Friday" with a recommendation of chipmaker Silicon Labs(SLAB Quote). On a "Lightning Round" segment earlier in the week, he'd also recommended Taiwan Semiconductor(TSM Quote), whose recent positive comments had improved the outlook for semiconductor companies. Cramer said on Friday that Silicon Labs makes sense in that context.

Silicon Labs stands to benefit on the strength of Chinese orders and a global chip shortage, said Cramer. It has a stable customer base and has been aggressive in its cost-cutting measures. Cramer said that at $27, Silicon Labs was a steal and recommended staying in the stock as it rises on improvements in this quarter compared with the previous quarter.

The stock closed down 55 cents, or 2%, on Monday at $26.41. Taiwan Semiconductor was down 36 cents, or 3.9%, at $8.89.

Cramer also recommended Clorox(CLX Quote) as a counter-trend stock, which he said is a necessary component to a stock portfolio. A counter-trend stock is one that is being sold irrationally at prices below what it's worth.

Cramer said Clorox is a great consumer products company and that it is expected to raise its dividend in May by 8.6%. Lower commodity costs also work in the company's favor. The stock trades at a hearty discount, and Cramer said that returning to its historical average could send the stock to $77. On Monday, it closed down 72 cents, or 1.2%, at $58.79.

In the "Lightning Round," Cramer recommending selling Whole Foods(WFMI Quote) because it's "almost doubled." Whole Foods was down $1, or 5.6%, to $16.97 at Monday's close.