'Mad Money' Spotlight: Cramer Buying Sears

Also, for those who think the auto-parts business or housing market are about to turn, Sears could arguably be a wise investment.

Still, Cramer thinks the department store is better suited as a long-term bet. In the first quarter the company posted a surprise profit, earning $26 million, or 21 cents a share, a drastic flip from a loss of $56 million, or 43 cents a share, last year.

Sales , however, continued on a downward spiral, shrinking 10% to $10.06 billion and Cramer admitted there are no words of solace for such sales numbers. But long-term, he's a believer -- in both Eddie Lampert and Sears.