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

On Thursday's "Mad Money" show, Jim Cramer said that more important to Bank of America(BAC Quote) than headlines surrounding CEO Ken Lewis and the Merrill Lynch acquisition was Morgan Stanley's upgraded of the stock.

Cramer said that estimates for BofA are too low, and the Morgan upgrade shows that people are catching on. He predicted that shares could rise to $20.

On Friday, BofA added 75 cents, or 5.8%, to close at $13.72.

Cramer recommended PPG Industries(PPG Quote) based on its dividend and the falling price of natural gas. He said he'd buy it under $45 a share.

On Friday, PPG slid 32 cents, or 0.7%, to $45.13.

Cramer was not a fan of Gildan Activeware(GIL Quote) because of its exposure to discretionary-spending cutbacks and a weak promotional-product market.

On Friday, Gildan closed down 16 cents, or 0.9%, at $17.12.

Cramer added Sara Lee(SLE Quote) CEO Brenda Barnes to his worst-CEO "Wall of Shame" list. Sara Lee is underperforming its competitors, he said, because of Barnes' inability to turn the company around.

On Friday, Sara Lee lost 9 cents, or 1%, to close at $9.01.

In his "Lightning Round" segment, Cramer said he's a buyer of Yahoo!(YHOO Quote) and that the company's CEO "is doing everything right." He also recommended eBay(EBAY Quote).

On Friday, Yahoo! added 21 cents, or 1.3%, to $16.40, and eBay lost 8 cents, or 0.5%, to close at $17.80.

Cramer said he'd let Ford(F Quote) "come in before we buy more."

Ford added 13 cents, or 2.2%, to close at $6.11 on Friday.