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Cramer's 'Mad Money' Recap: Living Large

Anadarko Petroleum (APC): "The stock is going down but they're doing everything right. I'm not abandoning it."

Lockheed Martin (LMT): "Everyone is worried about the fiscal cliff but I'm not worried. I've got a 4.5% yield and a lot of upside. Buy, buy, buy."

Banco Santander (SAN): "I'm worried about them. Spain is a disaster. They're the best bank in Spain but they're in Spain so I can't recommend them."

Morgan Stanley: "There's nothing there for me. I like Wells Fargo and J.P. Morgan Chase (JPM). "

Softness Seen

In his second "Executive Decision" segment, Cramer spoke with Moshe Gavrielov, president and CEO of Xilinx (XLNX), makers of programmable logic chips. Shares of Xilinx are currently trading at just 11 times 2013 earnings with a 12% growth rate after backing out the company's $9.33 a share of cash.

Gavrielov was bullish on Xilinx' future prospects. He said while the company is seeing a "little softness" at the moment, the medium- to long-term trends support the growth he's forecast. Gavrielov said the purchasing cycles in technology are fairly short, so customers can afford to wait until the last minute, which is what they appear to be doing.

Gavrielov said the wireless industry is one that appears to be soft at the moment but will likely rebound in the fourth quarter. He said Xilinx' new 28-nanometer chips are the platform to drive growth over the next few quarters and the company is in a strong position to compete. After spending time and money in R&D, Gavrielov said the excitement is growing as those new, smaller chips begin selling.

Cramer agreed with Gavrielov's analysis and said he, too, is excited about the company's growth prospects, especially given its insanely cheap valuation.

No Huddle Offense

In his "No Huddle Offense" segment, Cramer said there are three drivers in today's markets, three things that can be bought into weakness.

First is autos. Cramer said auto builds remain strong, but they're being obscured by weakness in Europe. Second is housing. Cramer said he'd pounce on any of the homebuilders on any weakness.

Finally, there's aerospace, as evidenced by the strong earnings at Textron (TXT) and the bullish comments from Honeywell's (HON) CEO on Wednesday's "Mad Money."

Cramer said all of these trends are working and he's a buyer.

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

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

To follow the writer on Twitter, go to http://twitter.com/scottrutt.

To submit a news tip, send an email to: tips@thestreet.com.

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

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

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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