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Jim Cramer on his "Mad Money" TV show Wednesday continued his theme of stocks headed from $80 to $120 with his next offering:

Air Products and Chemicals

(APD) - Get Report


So far Cramer has tapped


(BA) - Get Report



(ENR) - Get Report



(COP) - Get Report



(CAT) - Get Report

, which he owns for his charitable trust,

Action Alerts PLUS, as stocks he sees going from $80 to $120.

Elaborating on that theme, Cramer said that stocks that make it to $80 are stocks with serious institutional backing. Big institutional buyers are the ones buying shares hand over fist, and once the stocks reach $100, they become anointed names, Cramer said. And as more people get into the stocks, their momentum continues.

Although the idea may seem "foolish," it could make people some serious money, he said.

Air Products fits the profile of such a stock, Cramer said. It is a "classic turnaround story" that started in the gas business and expanded to the energy and electronics sector. It has growth and momentum, he said. "They know there's always a bull market somewhere, and they have a knack for finding it."

Moreover, Air Products is the world's biggest hydrogen producer and is an ultimate pin-action play off the environment, as it helps provide hydrogen to refineries to clean up oil, Cramer said. "It is a green-day play that actually makes money."

The best part it has nothing to do with prime, subprime or any other type of loans, he said. It's just a "great" gas, tech and energy business.

EMC for Me



is a stock that could make a great trade or a great investment, Cramer told viewers.

EMC owns a company called VMware, which Cramer called "an instant home run for any business that adopts it," because its products tend to save companies lots of money. Some people even call it the next


(GOOG) - Get Report

, Cramer said.

"I know the heart of Wall Street," he said. "That why I am sure people are going to fall in love with the VMware story."

VMware is a "hot" company, and EMC is spinning it off. As EMC files for the initial public offering of VMware, people expect that VMware will be priced between $23 and $25 a share. But "that range is never going to hold," Cramer said. The talk is that the range could move up by as much as $10.

Furthermore, because EMC will continue to hold a large stake of VMware even after it is spun off, any good news for it will be good news for EMC. As the road show for the IPO goes on, Cramer said he expects interest in the deal to "explode," which will cause people to buy EMC.

When the IPO actually occurs, the "simple money" already will have been made in EMC, he explained, which is why investors need to get in EMC ahead of the road show. On a conservative level, if VMware's initial pricing goes up $10, EMC could see an 8% gain, Cramer said.

EMC reports on July 24, and Cramer expects the quarter to be "very strong." Earnings estimates are too low and its core business is valued too low, he said. Buy some EMC on Thursday (tomorrow), between 10 a.m. and 11 a.m. EDT, he advised. Then "let the market bring EMC in" so you can buy more, Cramer said. "Get in ahead of the road show or quarter for a great trade or investment."

Cummins Hummin'


(CMI) - Get Report

Chairman and CEO Theodore Solso joined Cramer on his show and said there are many people who wrongly believe that Cummins is just a trucking company.

Cummins' history is that it was dominant in the heavy-duty truck sector, but now it has moved beyond that, Solso said. "The investment community hasn't understood that until the first quarter of this year."

The chief executive said that Cummins has a lot of organic growth opportunity in several of its divisions, as well as in China and India.

Cummins, said Cramer, "is not done going up."

To view Cramer's interview with Theodore Solso, please click here.

Am I Diversified?

During the show's "Am I Diversified?" segment, Cramer's first caller asked if his portfolio was diversified with the following five stocks:

BE Aerospace




( ADBL),

Faro Technologies

(FARO) - Get Report


Marvel Entertainment

( MVL) and

Annaly Capital Management

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Cramer said that he was "concerned" with the quality of the stocks and that the caller had too much concentration in computers.

The next player named these five plays:


(PTR) - Get Report



(VZ) - Get Report



( BAY),


(UST) - Get Report


Goldman Sachs

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, a stock Cramer owns for his charitable trust.

Cramer told the caller the portfolio is "precisely" what he wants to see. "You got the right portfolio," he said.

The final participant called out these five names:

Exxon Mobil

(XOM) - Get Report





Burger King




(MSFT) - Get Report


Helen of Troy

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Cramer called a pair in Dynegy and Exxon and suggested selling one of the two.

Lightning Round

Cramer was bullish on


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(CAJ) - Get Report


Under Armour

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W.W. Grainger

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Varian Medical Systems

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(HOLX) - Get Report



(T) - Get Report



(VZ) - Get Report


Bank of America

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( DNA),


(CELG) - Get Report


Nastech Pharmaceutical

( NSTK) and


(AMGN) - Get Report


Cramer was bearish on


(MCO) - Get Report



(WHR) - Get Report





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During the "Sudden Death" round, Cramer was bullish on


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(BIDU) - Get Report


He was bearish on

Casey's General Stores

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Idaho General Mines

(GMO) - Get Report


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

clicking here


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


At the time of publication, Cramer was long Caterpillar and Goldman Sachs.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for, Inc., and CNBC, and a director and co-founder of All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of 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, 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 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, 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, 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 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, 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.