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Apache

(APA) - Get Report

is an oil exploration and production company people should take a look at and consider buying, Jim Cramer told viewers of his "Mad Money" TV show Thursday.

Earlier in the year, Cramer highlighted it as one of his $80 to $120 stocks. That is the type that you find at $80, and it tends to go to $100 before rising all the way to $120 in a bull market, he said.

Cramer likes Apache because it is one of the few companies that believes in expensive oil. It is the king of real growth in the oil industry, he said, noting Apache's oil production was up 9% during the third quarter. By contrast,

Exxon Mobil

(XOM) - Get Report

doesn't have any growth, he said.

Compared with other oil companies, Apache isn't locked into any delivery contracts and is free to sell oil at sky-high prices, he explained. That's why it had the best "blowout" quarter and "single best conference call" of any oil company, he added.

Apache buys unwanted properties at a discount and makes them more efficient and profitable, Cramer said. In addition to the U.S., it operates in Argentina, the U.K., Australia, Canada and Egypt. The new discoveries Apache has made overseas means not only increased production for the company, but more earnings visibility as well, he said.

It's cheap compared with many of its competitors, and if it were to get a 15 multiple, the $100 stock could go to $130, Cramer said, adding that a 17-multiple would push Apache to $147.

The Fourth Horseman

Even during a horrible market day like Thursday, Cramer said he likes to recommend stocks that are working. The one sector that is working is tech, he said, adding that there's been a huge tech rally and it's getting stronger.

The three horsemen that have been the vanguard of this rally have been

Research In Motion

(RIMM)

,

Apple

(AAPL) - Get Report

and

Google

(GOOG) - Get Report

.

Then he singled out a tech stock that has been overlooked:

Brocade

(BRCD)

."

Brocade, Cramer said, is in the storage and networking business, where it competes with

Cisco

(CSCO) - Get Report

"in a happy duopoly."

He said the Street hasn't paid much attention to the stock, but that's about to change once it realizes Brocade's connection to

VMware

(VMW) - Get Report

.

VMware, Cramer explained, makes virtualization software that turns one computer into many computers. While that hurts many other players in the tech space because of the need for fewer servers, it increases the demand for software area networks, he said. This, he emphasized, is where Brocade comes in because it makes the switches and ports that route data over these networks.

"As VMware does better, Brocade does better," Cramer said.

In addition, the stock is cheap, he said, noting that the stock, which is currently at $9, will rise to $12 if it trades at 1.5 times its growth rate.

Dump Crocs

During his "Sell Block" segment, Cramer told viewers that it's time to sell

Crocs

(CROX) - Get Report

because it has fallen by more than 36% in a short period of time.

"It was a true and genuine disappointment with an unimpressive quarter and dismal guidance," he said. The last time Crocs was at $50, he advised market players to buy it, but now it's time to sell it.

Crocs is a momentum play and can only justify its valuation by beating its earnings, and this time it did not, Cramer said. He said the only reason he stuck with Crocs was its consistent earnings story, but that has now evaporated.

When these kinds of momentum stocks fall apart, they take years to come back, if ever, he said. Just take a look at

Buffalo Wild Wings

(BWLD)

and

NutriSystem

(NTRI) - Get Report

. "In each case there was a bounce, and in each case it was over," Cramer said.

He believes there will be a small bounce in Crocs, too, and "when it bounces, you got to go," he said. Sure, Crocs could defy the odds and come back, but it's not likely. "Sell it," Cramer said. "The fundamentals are not as good."

He said he also wants

lululemon

(LULU) - Get Report

off his hands because he doesn't believe the stock will catch another double.

Also, Cramer is tempted to take

Under Armour

(UA) - Get Report

off the table. "It's not going to be the next

Nike

(NKE) - Get Report

," he said.

Mad Mail

Cramer told a viewer

Sepracor's

(SEPR)

main drug is slowing because of competition. "I don't want to touch it for a trade or an investment," he said. Instead, he suggested buying

Celgene

(CELG) - Get Report

.

When an emailer asked about

eBay

(EBAY) - Get Report

, Cramer said he's sticking with the company. "I think PayPal is worth a lot of money."

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Lightning Round

Cramer was bullish on

Diana Shipping

(DSX) - Get Report

,

Sirius Satellite Radio

(SIRI) - Get Report

,

Baidu.com

(BIDU) - Get Report

,

Celgene

(CELG) - Get Report

,

L-3 Communications

(LLL) - Get Report

,

Becton Dickinson

(BDX) - Get Report

,

Lowe's

(LOW) - Get Report

,

Union Pacific

(UNP) - Get Report

,

Barrick Gold

(ABX)

,

Yamana Gold

(AUY) - Get Report

,

Goldcorp

(GG)

,

Freeport-McMoRan

(FCX) - Get Report

and

Wyndham Worldwide

(WYN)

.

Cramer was bearish on

Navios Maritime

(NM) - Get Report

,

Sohu.com

(SOHU) - Get Report

,

Genentech

(DNA)

,

AuthenTec

(AUTH)

,

Burlington Northern Santa Fe

(BNI)

and

Las Vegas Sands

(LVS) - 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 Freeport-McMoRan.

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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