Cramer's 'Mad Money' Follow-Up: Bank of America

On Friday's "Mad Money" show, Jim Cramer receommended Bridgepoint Eductaion(BPI Quote) as a way to play the for-profit education sector and invest in adult education with limited downside risk.

Bridgepoint had its IPO in April and is up $2 since then, but Cramer says it's got great growth potential, with expectations for its student body to double in 2009.

On Monday, Bridgepoint added 34 cents, or 2.7%, to close at $12.89.

Cramer's Speculation Friday pick was Bank of America(BAC Quote) as a play on a turn in the housing market. Cramer said he sees the bottom in housing in California, which bodes well for Bank of America, especially after its acquisition of Countrywide Home Loans.

Cramer said that the company should be able to repay its TARP money after its secondary offering is completed, leaving its balance sheet clean.

On Monday, Bank of America slid 6 cents to $11.21.

In his "Lightning Round" segment, Cramer said he likes PPG Industries(PPG Quote) for its "good, solid yield." He called it a buy under $50.

On Monday, PPG was up $1.57, or 3.5%, to close at $46.04.

GlaxoSmithKline(GSK Quote) was "too boring" for Cramer. He recommended Bristol-Myers Squibb(BMY Quote) instead.

On Monday, Bristol-Myers closed up 19 cents, or 1%, at $20.11, while GlaxoSmithKline added 50 cents, or 1.5%, to $34.21.

Cramer said he wasn't abandoning Verizon(VZ Quote) and told viewers to "get into" the stock and "enjoy that dividend."

On Monday, Verizon lost a penny to close at $29.25.

He also said he'd buy Petrobras(PZE Quote) "hand over fist."

On Monday, Petrobras added 87 cents, or 17.1%, to close at $5.95.