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Cramer's 'Mad Money' Recap: Cramer's Game Plan

Health Management Associates (HMA): "I don't like the hospital stocks."

Allot Communications (ALLT): "I feel like taking a little profit and letting the rest run."

Wall of Shame

"Never underestimate the power of management," Cramer reminded viewers, as he inducted Procter & Gamble CEO Bob McDonald to the top spot on his "Wall of Shame" list of the worst corporate CEOs.

After taking the reins at P&G in 2009, share have risen a paltry 16%, noted Cramer, while the Standard & Poor's 500 has gained 45% and rivals like Clorox (CLX) are up 42%. Making matters worse, P&G has cut guidance not once, but twice so far this year as it attempts to slash $10 billion in costs.

Cramer said any company that is forced to cut guidance twice clearly has no handle on what's happening with its business. Any company that needs to cut $10 billion is throwing up all sorts of warnings signs.

While all packaged goods manufacturers have seen their brands come under fire from cheaper alternatives, others have been able to react to these changes in consumer preferences. Not P&G. In fact, smaller companies are running rings around it, noted Cramer, and it continues to lose market share in over half of its segments.

"Welcome to the Wall of Shame," Cramer concluded, as he pleaded for McDonald to "do the right thing" and resign from his post.

No Huddle Offense

In his "No Huddle Offense" segment, Cramer once again preached the benefits of stocks with accidentally high dividend yields. He said a 4% yield seems to be the magic number that has stopped a plethora of stocks from free-falling.

Stocks like Freeport-McMoRan (FCX) have repeatedly held up at a 3.9% dividend yield, said Cramer, even with recent worries of a global economic meltdown.

Others, like Walgreens (WAG), have been propped up by their raised dividends.

Steel-maker Nucor (NUE) has only fallen 5% for the year thanks to its yield, while rival US Steel (X) is down considerably more.

A dividend yielding 4% seems to be a universal floor, Cramer concluded. It's too common to be a coincidence.

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

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