Sandstorm has eight gold streams and three royalties in its portfolio. Five of the mines are producing. Cramer said the mines are located in geopolitically stable areas of Brazil, Canada, Mexico and Nevada.
Cramer said if you buy, wait for a pullback. Gold stock and the whole gold complex are wildly overbought. If you buy, wait five days and use limit orders.
Here's what Cramer had to say about callers' stocks during the "Lightning Round":
Pitney Bowes (PBI): That yield is so high I'm calling it a red flag. I do not want to own that stock.Leap Wireless (LEAP): I am not going to buy it. I don't want to be in that business. I'd rather be in Sprint (S). PDL Biopharma (PDLI): This is a real good speculative stock. I like the group and I'm going to endorse it. Genworth (GNW): I think the business is just ok. I don't mind buying their insurance, I just don't want to buy their stock. Clean Fuel Energies (CLNE): I think Clean Energy is just ok. Don't buy. Cabela's (CAB): We've liked them for some time here. I'm reiterating the buy. Ford Motor (F): No. Why? Because Europe is not good. I don't want to own Ford. The international business is way too tough.
In the "Mad Mail" viewer feedback segment, Cramer went back to discuss Corrections Corp. of America (CWX), the largest owner of privatized prisons in the country. The stock has had a massive run, he said, but a lot of that is anticipation of the company converting to a real estate investment trust that gets special tax treatment and returns 90% of its profits to shareholders in the form of dividends. But first the IRS has to give permission for the conversion. If it doesn't, there could be a decline in the stock. "I would not buy it" at current levels but wait a few months, he advised. Speaking of a stock that stumped him, he said he needed to do some homework on Splunk (SPLK), a computer services company that helps firms manage their networks more efficiently, before giving an opinion.