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

On Tuesday's "Mad Money" show, Jim Cramer said that the way to play the continuing rally in tech is with the Nasdaq's best stock, Apple(AAPL Quote). Cramer set an $180 price target on the stock.

On Wednesday, Apple closed up $1.46, or 1.1%, at $140.95.

Cramer spoke with CKE Restaurants(CKR Quote) CEO Andy Puzder. On May 22, Cramer had recommended CKE at $7.73 a share, and the stock was already up 16% on Tuesday. Puzder addressed CKE's growth plans, which includes the company's first New York-area locations.

On Wednesday, CKE added 51 cents, or 5.7%, to close at $9.54.

Cramer took AIG(AIG Quote) CEO Ed Liddy down from his "Wall of Shame" after the announcement that Liddy was leaving the company. Nevertheless, Cramer said there is nothing that could make AIG a stock he'd want to own, calling the common shares worthless.

On Wednesday, AIG slipped 9 cents, or 5.8%, to close at $1.47.

In his "Lightning Round" segment, Cramer said that he prefers ConocoPhillips(COP Quote) and BP(BP Quote) to Exxon(XOM Quote), which he said is "over-owned."

On Wednesday, Exxon lost 84 cents, or 1.2%, to $72.08, while Conoco closed down $2.30, or 4.8%, at $45.63, and BP slid $1.57, or 3%, to close at $50.75.

He said that Altria's(MO Quote) too risky, which is why he sold it for his Action Alerts PLUS charitable trust. "I think it's going to be an uphill battle," he said.

On Wednesday, Altria closed down 12 cents at $17.