On Friday's "Mad Money" show, Jim Cramer receommended Bridgepoint Eductaion (BPI) - Get Zovio, Inc. Report as a way to play the for-profit education sector and invest in adult education with limited downside risk.

Bridgepoint had its IPO in April and is up $2 since then, but Cramer says it's got great growth potential, with expectations for its student body to double in 2009.

On Monday, Bridgepoint added 34 cents, or 2.7%, to close at $12.89.

Cramer's Speculation Friday pick was

Bank of America

(BAC) - Get Bank of America Corp Report

as a play on a turn in the housing market. Cramer said he sees the bottom in housing in California, which bodes well for Bank of America, especially after its acquisition of Countrywide Home Loans.

Cramer said that the company should be able to repay its TARP money after its secondary offering is completed, leaving its balance sheet clean.

On Monday, Bank of America slid 6 cents to $11.21.

In his

"Lightning Round" segment

, Cramer said he likes

PPG Industries

(PPG) - Get PPG Industries, Inc. Report

for its "good, solid yield." He called it a buy under $50.

On Monday, PPG was up $1.57, or 3.5%, to close at $46.04.


(GSK) - Get GlaxoSmithKline plc Sponsored ADR Report

was "too boring" for Cramer. He recommended

Bristol-Myers Squibb

(BMY) - Get Bristol-Myers Squibb Company Report

TheStreet Recommends


On Monday, Bristol-Myers closed up 19 cents, or 1%, at $20.11, while GlaxoSmithKline added 50 cents, or 1.5%, to $34.21.

Cramer said he wasn't abandoning


(VZ) - Get Verizon Communications Inc. Report

and told viewers to "get into" the stock and "enjoy that dividend."

On Monday, Verizon lost a penny to close at $29.25.

He also said he'd buy



"hand over fist."

On Monday, Petrobras added 87 cents, or 17.1%, to close at $5.95.

At the time of publication, Cramer had no positions in stocks mentioned.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for

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