Cramer's 'Mad Money' Recap: The Next Stocks to Own (Final)

Internet Video Plays

Sometimes there just aren't any good ways to invest in the latest trends, Cramer told his audience during a special "family affair" edition of the show.

Such is the case with explosion of Internet video. Cramer said that while Internet video is estimated to account for 60% of all Internet traffic by 2013, and sites like YouTube, Hulu and MLB.com continue to growth like gangbusters, there are no other investable companies out there outside of network bellwether Cisco (CSCO).

However Cramer said there are some names are tradable. For speculation Friday, he told investors to do research on a basket of Internet video names. He said he's not recommending these names individually, but feels they may ride the video wave to profits in the short term.

Cramer said Ciena (CIEN), which makes optical switching equipment, is one of his favorites, and is perhaps the only one outside of Cisco that makes the grade for more serious investment.

Other names in the basket included Infinera (INFN), Akamai (AKAM), Cavium Networks (CAVM), EZchip Semiconductor (EZCH) and NetLogic (NETL).

Cramer advised taking the usual speculative precautions when considering these names, like using limit orders and not paying up or buying after hours.

A Portfolio for Kids

"The best way to teach your kids about money is to open a brokerage account," said Cramer.

The days of teaching money through passbook savings accounts at your local bank are long gone, he said. The goal is to get kids interested in investing, and the best way to do that is with stocks.

Cramer unveiled his "kid" portfolio, the five stocks he would buy for any child. The portfolio included McDonald's (MCD), for its 3.4% dividend yield, Disney (DIS), a world-class franchise, Hasbro (HAS), a consist grower VF Corp (VFC), maker of many popular clothing brands and an Action Alerts Plus stock, and Apple, a stock he said all kids will grow into over time.

Cramer said this portfolio will keep kids engaged since it includes stocks that they interact with almost daily.