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) -- Investors who think there are no cheap stocks left to buy in this red-hot market rally need to think again, Jim Cramer told

"Mad Money"

viewers Wednesday.

Cramer said that yes, this rally is happening at record speed and defying all the skeptics, but that doesn't mean there's nothing left to buy.

Cramer offered up

Starwood Hotels & Resorts


as one stock worth buying. He said this hotel chain has some of the best brands in the world and could easier split itself into two and unlock a ton of value for shareholders.


(KEY) - Get KeyCorp (KEY) Report

is another name that caught Cramer's eye. He said this stock, which he owns for his charitable trust,

Action Alerts PLUS, has a clean balance sheet and trades at a discount from where it should. Over the past five years this stock had slid 71%, he noted, despite the fact the company is in far better shape now than it was in 2008.

Also making Cramer's list of cheap stocks:

AFC Enterprices


, owner of the Popeye's restaurant chain. Can Popeye's follow the same trajectory as

Domino's Pizza

(DPZ) - Get Domino's Pizza, Inc. Report

? Cramer thinks so.

Two others on Cramer's hot list were

American Realty Capital


, a REIT with a 6.4% yield, and



, which is a holding company for its parent

Linn Energy



As an honorary mention, Cramer also suggested


(CELG) - Get Celgene Corporation Report

, a biotech all-star that continues to march higher.

Executive Decision: Moshe Gavrielov

In the "Executive Decision" segment, Cramer sat down with Moshe Gavrielov, president and CEO of


(XLNX) - Get Xilinx, Inc. (XLNX) Report

, a semiconductor company that's forecasting growth between 8% and 12% this year.

Gavrielov said he's very confident about his company's product portfolio as Xilinx continues to be the leader in communications chips built on the new 28 nanometer platform. He said that as more and more smartphones and tablets enter the market, there is a greater and greater need for communication chips to power them.

When asked if the federal cuts known as the sequester will affect Xilinx' sales to the U.S. government, Gavrielov noted the sequester mainly deals with personnel and not as much with equipment. He said there will still be a need to upgrade older equipment, which will keep sales strong for the company.

In a market where the best technology wins, Cramer asked Gavrielov if he's worried about competition. Gavrielov responded that innovation is always the focus at Xilinx and the company has the patent portfolio to prove it. He also said there's a good likelihood of dividend increases in the future.

Cramer continued his recommendation of Xilinx.

On the Road

With travel picking up, it's time to own an online travel agency, Cramer told viewers. With so many to choose from, Cramer said he's sticking with best of breed, and that's



Shares of Priceline may be lagging the group so far this year, but Cramer said he's not concerned with the short term because the company is a proven long-term performer and has the most exposure to international bookings. Priceline derives a full 75% of its revenue from outside the U.S., with a huge business in Europe and an expanding one in both Asia and Latin America, two of the hottest markets.

Priceline is also buying rival


( KYAK), giving the company even more growth potential. When it last reported, Priceline delivered a 27-cent-a-share earnings beat on a 20% rise in revenue. Cramer said that while


(EXPE) - Get Expedia Group, Inc. Report

also has high growth, it's no match for what Priceline can deliver.

Priceline is also not an expensive stock, noted Cramer, trading at just 18.7 times earning with a 19.4% growth rate. Expedia trades at almost the same multiple, he added, even though it lags in growth. The same applies to

Trip Advisor

(TRIP) - Get TripAdvisor, Inc. Report

, another popular name that's not growing as quickly as Priceline.

Cramer said he's a fan of



, but that stock has risen too high and needs to cool off before he can consider investing.

Lightning Round

In the Lightning Round, Cramer was bullish on

Checkpoint Systems



Fortune Brands Home & Security

(FBHS) - Get Fortune Brands Home & Security, Inc. Report


TheStreet Recommends

Valero Energy

(VLO) - Get Valero Energy Corporation Report


Cramer was bearish on

Questcor Pharmaceuticals




(MT) - Get ArcelorMittal SA ADR Report





Magnum Hunter Resources



Am I Diversified?

In the "Am I Diversified?" segment, Cramer spoke with callers and responded to tweets sent via Twitter to


to see if investors' portfolios have what it takes for today's markets.

The first portfolio included:

Walt Disney

(DIS) - Get Walt Disney Company Report



(CSX) - Get CSX Corporation Report



(AAPL) - Get Apple Inc. (AAPL) Report



(PH) - Get Parker-Hannifin Corporation Report



(VZ) - Get Verizon Communications Inc. Report


Cramer said "Bingo!" because this portfolio is diversified.

The second portfolio's top holdings included:


(LYB) - Get LyondellBasell Industries NV (LYB) Report


Cheniere Energy Partners

(CQP) - Get Cheniere Energy Partners, L.P. Report


Medical Properties Trust

(MPW) - Get Medical Properties Trust, Inc. Report


Prospect Capital

(PSEC) - Get Prospect Capital Corporation Report


CenterPoint Energy

(CNP) - Get CenterPoint Energy, Inc. Report


Cramer said he also blessed this portfolio as properly diversified.

No Huddle Offense

In his "No Huddle Offense" segment, Cramer once again cautioned investors to be wary of any negative commentators they may see on TV or read in the papers. He said that all too often these money managers are not fully invested in the markets and are either short the markets or need them lower so they can buy in and catch up to their rivals.

Cramer said these naysayers often have many "fears" about the market, including the

Federal Reserve

, the sequester, China, Europe and countless others. These are the same managers who feared the fiscal cliff in December, he added, and missed a spectacular rally.

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-- Written by Scott Rutt in Washington, D.C.

To email Scott about this article, click here:

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At the time of publication, Cramer's Action Alerts PLUS had a position in AAPL and KEY.

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."

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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 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.