Cramer's 'Mad Money' Recap: A Monster Trade - TheStreet

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Jim Cramer offered some special advice to

Gannett

(GCI) - Get Report

on his "Mad Money" TV show Tuesday.

Cramer wants Gannett, which he called "a proud newspaper company that's trying to stay relevant," to pick up the phone and tell its banker that it wants to buy

Monster Worldwide

(MNST) - Get Report

.

If Gannett doesn't make the "wise decision" to purchase the online job listing firm,

Google

(GOOG) - Get Report

could beat the newspaper company to the punch and "swallow Monster up," he said.

Market players should buy Monster, too, Cramer advised. Monster is a trade because it's a "logical takeover target."

Gannett, Cramer said, is slowly falling. "Its business isn't viable long-term anymore." He believes a Gannett acquisition of Monster would make sense because Gannett is already invested in the online job market with CareerBuilder.com.

"By buying Monster,

Gannett can swap from a dying industry to a vibrant one," Cramer said. Monster recently had a "shortfall," he said, but this made it "affordable" for Gannet to purchase it.

Moreover, there are two factors that make Cramer believe Monster wants to be put up for sale. First, Monster has a new CEO, Sal Iannuzzi, who Cramer believes was appointed to the position "to make a deal."

Iannuzzi is the previous CEO of Symbol Technologies, which under his tenure was acquired by

Motorola

( MOT).

Second, Monster made the Goldman Sachs list of likely

private equity plays, Cramer said.

Even if Gannett doesn't buy Monster, Google should, he said.

Two Sun-Powered Stocks

On April 2, with the Supreme Court's decision in the Massachusetts vs. Environmental Protection Agency case, "the government made it profitable for companies to cut down on pollution" and go green, Cramer told viewers. As a result, all green stocks now have to be re-evaluated, he said.

As part of his weeklong "Green Day" series, Cramer named his top two solar picks:

First Solar

(FSLR) - Get Report

and

MEMC Electronic Materials

(WFR)

.

First Solar, a name Cramer has been recommending since March 7, is "the most economically efficient solar company," he said. Cramer said he's "still behind it 100%" and is looking for a pullback to sink his teeth into First Solar.

MEMC Electronic has "a stranglehold on silicon wafers, the key components to most solar panels," Cramer said. The stock, he continued, is up 247% since he recommended it last Halloween.

Because both stocks are up, Cramer advised investors to be patient. The stocks "are going to catch a downdraft," he said. "Buy them down, not up here."

A Superior Offshore IPO Here

Superior Offshore International

, a company involved in subsea-construction services, is set to come

public under the symbol DEEP and should start trading this Friday, Cramer said.

There are a few reasons, he told viewers, that he believes this initial public offering deserves consideration. First, DEEP has great earnings and fundamentals, Cramer said, and it has been priced at a "reasonable" range of $14 to $16 a share.

In addition, DEEP's competitors, such as

Nabors

(NBR) - Get Report

and

Halliburton

(HAL) - Get Report

-- shares of which Cramer owns for his

Action Alerts PLUS charitable trust -- are doing well, Cramer said.

He advised market players to first do their homework and then place an order to buy 100 shares of DEEP by Wednesday or Thursday morning at the latest. Further, Cramer said he would be willing to pay up to $20 a share for the stock.

Most of DEEP's business is in the Gulf of Mexico, but it is expanding to deepwater, he said. And the company is not just about new drilling; it also repairs and maintains current drilling activity, Cramer went on to say.

Image placeholder title

"There are still years of repair work left after

Hurricane Katrina, and hurricane season is supposed to pick up this year," he said. "It could be your play for repairing infrastructure after storms hit."

Cramer called it a "great company," with "real profits" in a

sector that's doing "increasingly well."

Saks in the Bag

Cramer welcomed

Saks

(SKS)

CEO Stephen Sadove to the show by telephone, asking the chief exec how he turned his company around.

Sadove said the retailer's turnaround is "still early in the game" but that its success has a lot to do with a "great team, clear strategies and clear focus on execution." Part of it also had to do with getting people to own equity in the company, understanding customer needs and making stores more productive, he added.

Furthermore, Sadove reassured viewers that the appointment of Saks' new CFO is absolutely normal and that Kevin Wills has been internal to the company, has a great amount of experience and is a great asset to the team.

Cramer said

Coach

(COH)

,

Ralph Lauren

(RL) - Get Report

and Saks are all companies people "can bet with."

People should take the fact that the stock has "flat-lined" as an opportunity to buy Saks, Cramer said.

To view Cramer's interview with Stephen Sadove, please click here.

During the show's "Sudden Death" round, Cramer was bullish on

PDL BioPharma

(PDLI) - Get Report

,

United Online

(UNTD)

and

Vertex Pharmaceuticals

(VRTX) - Get Report

.

Lightning Round

Cramer was bullish on

Amgen

(AMGN) - Get Report

,

GOL Linhas Areas Inteligentes

(GOL) - Get Report

,

Bank of America

(BAC) - Get Report

,

Jones Soda

(JSDA)

,

American International Group

(AIG) - Get Report

,

Flowserve

(FLS) - Get Report

,

Rigel Pharmaceuticals

(RIGL) - Get Report

,

Nastech Pharmaceutical

( NSTK),

Cemex

(CX) - Get Report

,

Homex Development

(HXM)

and

Lundin Mining

( LMC).

Cramer was bearish on

First Marblehead

(FMD)

,

Optium

( OPTM) and

Peabody Energy

(BTU) - Get Report

.

For more of Cramer's insights during the Lightning Round, click here

.

Want more Cramer? Check out Jim's rules and commandments for investing from his popular book by

clicking here

.

At the time of publication, Cramer was long American International Group and Halliburton.

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."

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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.