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"You need to seriously consider selling your casino stocks before they lose you even more money," Jim Cramer told viewers of his "Mad Money" TV show Thursday.

Worried about a serious downturn in the gambling industry, Cramer says he's putting casino stocks on the sell block. He was particularly bearish on

Las Vegas Sands

(LVS) - Get Report

, which missed earnings estimates by 19 cents a share the last time it reported, and also on

Wynn Resorts

(WYNN) - Get Report


He also recommends selling

MGM Mirage

(MGM) - Get Report

, which sports a negative rating despite recently beating earnings estimates. Noting MGM is preparing to buy back a portion of its outstanding shares, he says he would use the opportunity to sell every share "before everything falls apart."

Cramer says casino stocks are propped up by high real estate values that are rapidly deteriorating. He also notes the increasing cost for travelers to go to Las Vegas, as gas and other commodity prices continue to rise. Overbuilding in Las Vegas is another problem because it's leading to an oversupply of casinos and other properties, he says.

Another major disappointment has been casinos in Macau, where estimates for growth in gambling revenue had been for 75% but may actually turn out to be as low as 40% to 45%.

All these points signal a serious industry downturn, leading Cramer to say now is the time to sell.

Wind River's Hidden Value

Cramer touted

Wind River Systems

( WIND) as another beaten-down technology stock investors should consider.

Wind River, he says, recently partnered with


(GOOG) - Get Report

Open Handset Alliance to make embedded systems for cell phones running the company's new Android operating system.

In a bull market, Cramer notes, the market would be paying twice this level for news of that caliber. Plus, the company has other substantial deals in the pipeline, he adds.

Wind River, Cramer says, could also be a natural takeover candidate and fetch as much as $15 per share. With the stock down 33% from its recent highs, Cramer sees value in the stock.

One on One With Trump

In an interview, Cramer sat down with Donald Trump to discuss the markets, the economy and real estate.

Trump says that with the U.S. already in a recession, now may be the time to look for good deals in residential real estate. He says commercial real estate may struggle a little longer, as most banks are simply "out of business" and are not lending money for commercial projects.

Cramer Interviews Donald Trump

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Manhattan remains strong in Trump's eyes, but he is not sure how long that will last. In an area like California, Trump says deals can still be done, and now is the time when real estate fortunes are made. He sees opportunities to invest in real estate investment trusts such as


(VNO) - Get Report


Trump says he is shocked that the Federal Reserve is not doing more, and believes Chairman Ben Bernanke doesn't have control of the situation. He advocates a full 100 basis-point cut to save the economy and get ahead of the curve.

Trump was also outspoken about the price of oil. He says the U.S. government hasn't put enough pressure on OPEC, an "illegal monopoly" that has the power to lower oil prices.

Final Thoughts

Cramer told viewers that it's still too early to get into these stocks:


(MBI) - Get Report



(MTG) - Get Report


Ambac Financial

( ABK) and

PMI Group

( PMI).

Image placeholder title

Lightning Round

Cramer was bullish on

Hewitt Associates

( HEW),

Philips Electronics

(PHG) - Get Report


Ford Motor

(F) - Get Report


Devon Energy

(DVN) - Get Report


Foster Wheeler



Procter & Gamble

(PG) - Get Report


First Solar

(FSLR) - Get Report


Procter & Gamble

(PG) - Get Report



(PPL) - Get Report



(EXC) - Get Report


Cramer was bearish on


(DELL) - Get Report



(ABAX) - Get Report


Fuel Tech

(FTEK) - Get Report


Want more Cramer? Check out Jim's rules and commandments for investing by

clicking here


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


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.