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Cramer's 'Mad Money' Recap: Big Government Not Protecting the Little Guys

Stocks in this article: FB MS JPM JCP CHS BGS JCG GLW KOG TVIX GME EA BBY FSLR MAKO DECK FOSL GPS

Lightning Round

Here's what Cramer had to say about caller's stocks during the "Lightning Round": Corning (GLW): "It's a challenged company with TV sales weak. I'm going to say don't buy."

Visa (V): "Visa is terrific. Every time it goes down, buy some."

Facebook (FB): "This is an overvalued stock. It's OK, not great."

Kodiak Oil & Gas (KOG): "I think oil is going to $85 a barrel. That makes Kodiak a spec. "

VelocityShares Daily 2X VIX (TVIX): "I don't like to trade that stuff. I have no edge so I can't take a position."

Gamestop (GME): "I think that GameStop is in a very difficult position. Don't want to touch it."

Citigroup (C): "Long-term upside, yes, but there's no dividend protection so I'm not going to recommend it."

Electronic Arts (EA): "I think they're cheap. They have great brands that are worth more broken up."

Avoid These Stocks

In the Thursday "Sell Block" segment, Cramer highlighted several stocks that investors need to avoid at all costs.

Cramer said Best Buy (BBY) has a broken business model and should be sold at all costs. He said same-store sales, not cash flow, is the key metric to watch, and Best Buy's sales plummeted 5.3% in its most recent quarter.

Cramer was also negative on First Solar (FSLR), saying this industry still needs government subsidies to survive and those subsidies are drying up quick. The estimates are still too high, he warned, and First Solar is losing money.

Cramer also put three stocks in the penalty box, saying investors need to wait at least one quarter before pulling the trigger. He said Mako Surgical (MAKO) stumbled in its last quarter, so he needs to see whether bigger problems exist. The same applies to Deckers Outdoor (DECK) where the company's Ugg boots may or may not be making a comeback.

Finally, Cramer thinks Fossil (FOSL), which is levered to Europe, is another wait-and-see situation.

The J. Crew Chief

In a special interview, Cramer sat down with CNBC colleague David Faber to discuss Faber's latest documentary on J. Crew (JCG) CEO Millard (Mickey) Drexler, which debuts Thursday evening.

Faber said Drexler, while unknown to many, is one of the greatest retailers of our generation. He said Drexler's work turning around Gap (GPS) would have been noteworthy enough, but Drexler has continued to innovate and succeed in the cut-throat retail world. --Written by Scott Rutt in Washington, D.C.

To contact the writer of this article, click here: Scott Rutt.

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At the time of publication, Cramer's Action Alerts PLUS had a position in JPM.

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."

None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, TheStreet.com or CNBC that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the program. Mr. Cramer's past results are not necessarily indicative of future performance. Neither Mr. Cramer, nor TheStreet.com, nor CNBC guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the program. The strategy or investments discussed may fluctuate in price or value and you may get back less than you invested. Before acting on any information contained in the program, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

Some of the stocks mentioned by Mr. Cramer on "Mad Money" are held in Mr. Cramer's Action Alerts PLUS Portfolio. When that is the case, appropriate disclosure is made on the program and in the "Mad Money" recap available on TheStreet.com. The Action Alerts PLUS Portfolio contains all of Mr. Cramer's personal investments in publicly-traded equity securities only, and does not include any mutual fund holdings or other institutionally managed assets, private equity investments, or his holdings in TheStreet.com, Inc. Since March 2005, the Action Alerts PLUS Portfolio has been held by a Trust, the realized profits from which have been pledged to charity. Mr. Cramer retains full investment discretion with respect to all securities contained in the Trust. Mr. Cramer is subject to certain trading restrictions, and must hold all securities in the Action Alerts PLUS Portfolio for at least one month, and is not permitted to buy or sell any security he has spoken about on television or on his radio program for five days following the broadcast.

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