Cramer's 'Mad Money' Recap: Stay the Course (Final)

Mad Mail

Cramer told a viewer to not pay attention to the West Texas Intermediate crude prices as they do not reflect the true price of oil. Cramer told a second viewer to be weary of Oceaneering International (OII), as deep-water drilling has not yet been fully blessed by Washington.

When asked about SunTrust Bank (STI), Cramer said the banks remain dicey as Washington continues to attack them. Cramer did give the nod to Macy's (M) when asked about this retailer. He said when gas prices go up, the markets sell retail, but stick with Macy's.

Finally, when asked about making money with eBooks, Cramer said he likes Apple and Amazon.com (AMZN). However, he said all high-multiple stocks get hammered after earnings, so wait for the pullback before buying.

Lightning Round

Cramer was bullish on Interactive Brokers (IBKR), InterDigital Communications (IDCC), Buffalo Wild Wings (BWLD), Alcoa (AA) and First Niagara Financial (FNFG).

He was bearish on Panera Bread (PNRA), Chipotle Mexican Grill (CMG) and Hudson City Bancorp (HCBK).

High on Gold

In his "No Huddle Offense" segment, Cramer once again recommended investors own some gold. He reiterated that gold has outperformed all other asset classes and he's bullish on gold bullion, the SPDR Gold Shares (GLD) ETF and on gold miners such as GoldCorp (GG), Barrick Gold (ABX) and Novagold (NG).

Cramer said he's not a fan of gold coins, as they include too high of a markup.

--Written by Scott Rutt in Washington, D.C.

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To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.

Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by clicking here.

For more of Cramer's insights during the Lightning Round, click here.

At the time of publication, Cramer was long Apple.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of TheStreet.com or its affiliates, or CNBC, NBC UNIVERSAL or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither TheStreet.com, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or TheStreet.com is related to the specific opinions expressed by him on "Mad Money."

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