Cramer's 'Mad Money' Follow-Up: Smartphone Stocks

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On Wednesday's "Mad Money" show, Jim Cramer said that tech's move toward wireless Internet and smartphones "cannot be denied."

He said there's still room in leaders such as Apple(AAPL Quote), Research In Motion(RIMM Quote) and Palm(PALM Quote). Cramer also said that component makers should benefit from the wireless Internet phenomenon, including Action Alerts PLUS name Qualcomm(QCOM Quote).

He recommended rebuilding a position in Research In Motion under $75 and on any weakness in the other names.

On Thursday, Apple lost 30 cents, or 0.2%, to close at $139.95; RIM added $1.99, or 2.4%, to $85.44; Palm closed up $1.44, or 12%, at $13.43; and Qualcomm slid 9 cents, or 0.2%, to close at $45.98.

To play Friday's transition to digital TV, Cramer suggested Radio Shack(RSH Quote), which he said should benefit in the short term from the one in 10 people in the U.S. who haven't already switched to digital TV.

On Thursday, Radio Shack closed up 11 cents, or 0.8%, at $14.82.

On his "Lightning Round" segment, Cramer said that while he'd "showed very little faith" in Tupperware(TUP Quote), the company is "doing well."

On Thursday, Tupperware lost 12 cents, or 0.5%, to $26.56.

Fist Merit(FMER Quote) "will end up buying other banks," said Cramer. "I want you to stick with it and buy more." He called it "the most solid bank in Ohio."

First Merit added 29 cents, or 1.7%, to $17.08 on Thursday.