Cramer's 'Mad Money' Follow-Up: Wal-Mart

On Thursday's "Mad Money" show, Jim Cramer said that "Washington matters to Wall Street," and he offered evidence in a few stocks that relate to specific Obama actions.

For example, Capital One(COF Quote) is affected by Obama's credit card bill, which limits what the company can charge its cardholders in fees.

Carbon's under attack with the new administration, as well, affecting coal, steel and utility stocks, including Southern Company(SO Quote).

On Friday, Capital One lost $1.01, or 4.4%, to close at $21.92, while Southern added 34 cents, or 1.2%, to $27.70.

Cramer said that with the increase in the price of oil and decrease in the price of natural gas, Anadarko Petroleum(APC Quote) is the play, as 65% of its production comes from natural gas. He said it had risen 12% since he recommended it on Jan. 12. He said Anadarko's May 12 secondary offering, while bad for shareholders, enabled the company to clean up its balance sheet.

On Friday, Anadarko slid 16 cents to close at $43.15.

Cramer said he'd made a mistake when he put Northrop Grumman(NOC Quote) on the Sell Block in March because he thought Obama would go after the defense industry. But the current defense budget is 4% higher than it was last year, and Northrop Grumman recently raised its dividend. He changed his recommendation on the stock to a buy, especially at less than $43 a share.

On Friday, Northrop Grumman closed down 11 cents at $48.03.

In his "Lightning Round" segment, Cramer said that Wal-Mart(WMT Quote) is his favorite retailer and called it the "best in the land."

On Friday, Wal-Mart added 14 cents to $49.25.

Carmer said Wal-Mart is coming in on PetMed Express(PETS Quote) and that he's not a fan of the latter stock.

On Friday, PetMed Express closed down 4 cents to $14.90.

He told viewers to "stick with" Blackrock(BLK Quote).

On Friday, Blackrock lost 29 cents, or 1.1%, to close at $26.91.