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TheStreet Open House

Cramer's 'Mad Money' Recap: Get Over Your Pessimism and Buy

Mellanox makes what are known as high-performance interconnects, chips that service the big data industry by allowing faster throughputs and lower lag times. The company's only rival, Intel (INTC), has chosen not to compete in the interconnect space, allowing Mellanox to control the entire segment.

Cramer said shares of Mellanox still only trade for 30 times earnings, despite the company's impressive 49% growth rate.

Cramer's Fantasy Team

It's almost football season and Cramer treated viewers to the first installment of his "Mad Money Fantasy Stock Portfolio" by debuting his three picks for running back -- the steady, consistent players who are the backbone of every winning team.

Wells Fargo (WFC) was first to make the list. Cramer said this bank is the largest in the U.S. by its number of branches and the company controls a staggering one-third of the U.S. mortgage market.

Wells Fargo is the most levered to the coming rebound in the housing market, which is why Cramer said he owns it for his charitable trust, Action Alerts PLUS . Shares of Wells Fargo trade at just nine times earnings and 1.3 times the company's book value.

Next on the list was 3M (MMM), a company that, while just off its stock highs, still continues to innovate and take market share in multiple end-markets. Cramer said this international powerhouse is not suffering from Europe thanks to its diversification, and he's a big fan of the company's 2.5% dividend yield.

For his third running back, Cramer chose Honeywell (HON), another diversified industrial that has its hands in everything from aerospace to automation to energy efficiency and just about everything in between. Cramer said Honeywell has top-notch management and also sports a 2.5% dividend yield.

Lightning Round

Here's what Cramer had to say about callers' stocks during the "Lightning Round":

SeaDrill Limited (SDRL): "I've missed this stock but I think it's got more to run."

International Game Technology (IGT): "No, I'm not going to go there. "

Duke Energy (DUK): "You should buy Duke. I'm not about office politics, I'm about the company and it's real good."

Bed Bath & Beyond (BBBY): "This company was overly punished for its last quarter. I like it."

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