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Abu Dhabi's move to take a small stake in


(C) - Get Citigroup Inc. Report

raises the question of what its next move will be, Jim Cramer told viewers of his "Mad Money" TV show Tuesday.

The market saw the purchase of Citigroup shares, which Cramer owns for his charitable trust,

Action Alerts PLUS, as a ray of light for the banks, Cramer said.

Now, he said, it's reasonable to assume similar moves will be made in the future. For example, Cramer said it's possible


(JPM) - Get JP Morgan Chase & Co. Report



(AIG) - Get American International Group Inc. Report

could be the next takeover targets for the Middle East, but he said he doesn't want to touch those stocks right now.

Instead, Cramer said he'd rather look at


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TheStreet Recommends

(HAL) - Get Halliburton Company Report

, a company that announced plans to relocate its headquarters from Houston to Dubai earlier this year.

Its relocation, though, isn't the only reason he likes Halliburton. Cramer said the stock looks like an attractive buy for international investors because it has fallen 15% in less than a month.

Wall Street has focused on Halliburton's struggling North American pressure-pumping business, and that is the reason the stock is down, Cramer explained. However, the weakness in that segment is going to be offset by its accelerating international business, he said.

Moreover, the Middle Eastern countries are in a better position than the U.S. to understand what Halliburton is truly worth, Cramer argued. These countries, after all, are "made of oil," he said.

Halliburton, he continued, should prosper in an environment in which oil is becoming increasing difficult to gather. In addition, the company recently had "the most aggressive" buyback of any oil buyback Cramer said he's seen. Halliburton believes its stock is cheap and is not going to let it go any lower.

If Wall Street doesn't boost the stock, Cramer believes money from Abu Dhabi and Dubai could.

Investing in Acuity

Viewers should consider buying

Acuity Brands

(AYI) - Get Acuity Brands Inc. Report

, a manufacturer of lighting fixtures, Cramer said. It could make people "quite a bit of money."




got a gigantic bid from


(PHG) - Get Koninklijke Philips N.V. NY Registry Shares Report

, which is trying to boost its wattage in the lighting market, he said.

Cramer believes the next takeover target for Philips could be Acuity. "If they liked buying Genlyte, they'll love buying Acuity."

Cramer likes Acuity because there's a trend to retrofit commercial buildings with much more efficient lighting fixtures.

The stock is also a play on nonresidential construction, a business that is actually stable, Cramer said. About 75% of its business is selling light fixtures to nonresidential buildings.

Acuity, he said, is next on Philips' shopping list, but even if it's not, it's a great play on an energy-saving stock.

Starbucks' Luster Fades

Two analysts are battling it out over


(SBUX) - Get Starbucks Corporation Report

, Cramer told viewers.On the same day an analyst from Friedman Billings upgraded the stock, an analyst from CIBC downgraded it. When two analysts argue, only one can come out the winner, Cramer said. In this case he's siding with the bears, he said. "CIBC is right, FBR is wrong."

According to Cramer, FBR's bullish case sounded like a reason to sell Starbucks. It cited various pressures the company is facing, and said Starbucks could be a nice addition for a few other companies. Basically, Cramer said, FBR recommended Starbucks on the likelihood that either its management changes or that it gets taken over.

If this is the best case for recommending the stock, he said he prefers CIBC's argument.

CIBC says Starbucks isn't a growth stock any more and suffers from a bad case of multiple contraction, Cramer said.

Starbucks once was a fantastic growth story, but the key word here is


, Cramer said. At first glance, people might see the current price as a good entry point for Starbucks, but Cramer sees the stock going lower.

He said he would go as far as to say the stock should not to be owned until it goes well below $16. Starbucks closed at $22.61 Tuesday.




(ACM) - Get AECOM Report

John Dionisio joined Cramer on his show to clear some confusion earlier in the day that led the Street to think the company had lowered its guidance.

Dionisio said Aecom had not issued guidance until today. He stressed that the company had "a very strong year," with increased revenue and net income. In addition, he said Aecom is forecasting a strong 2008.

The company completed seven significant mergers in 2007, and in the first seven weeks of 2008 it has closed three acquisitions, Dionisio continued.

Moreover, in terms of diversification, Aecom has been able to capture a big part of the foreign market, a buffer for any slowdown in the U.S. market, he said.

"It's a show-me-quarter before I recommend this one again," Cramer said. He said he was disappointed because he didn't see stronger, steadier growth, "but maybe next time."

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Lightning Round

Cramer was bullish on

Level 3 Communications




(TDW) - Get Tidewater Inc. Report



(RIG) - Get Transocean Ltd (Switzerland) Report



(T) - Get AT&T Inc. Report



(CELG) - Get Celgene Corporation Report





VF Corp

(VFC) - Get V.F. Corporation Report


Cramer was bearish on

Akamai Technologies

(AKAM) - Get Akamai Technologies Inc. Report


Superior Energy Services



Jones Soda







(BIIB) - Get Biogen Inc. Report





AnnTaylor Stores



Under Armour

(UA) - Get Under Armour Inc. Class C 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 Citigroup, AIG, Transocean and Schering-Plough.

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.