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Whether or not the


cuts rates on Tuesday, oil and oil service companies should continue to work, Jim Cramer told viewers of his "Mad Money" show Monday.

While stocks in the oil service group have mostly gone up, Cramer provided investors with the "ultimate laggard that is ready to roll" --

Grant Prideco



Although its business of selling drill pipes is "phenomenal," Grant Prideco, said Cramer, has been lagging in the group and deserves to go higher now. For anyone who doesn't know much about oil service companies, he pointed out as having the best glossary in the oil service market and urged people to check it out.

Grant Prideco's CEO has been underpromising and overdelivering, Cramer said. At $55 a share, Cramer believes GRP is "a total steal." He compared it to

National Oilwell Varco

(NOV) - Get Free Report

, but said that while NOV is more of a national machinery company, GRP is more of a consumables company.

Cramer called GRP "the Gillette of oil service," as it manufacturers products that are thrown away.

Israeli Satellite Play

RRSat Global Communications Network


is a stock that is totally impervious to Chairman Ben Bernanke and the

Federal Reserve

, Cramer said.

RRST, an Israeli satellite company that provides uplinks for 295 TV shows and 80 radio stations worldwide, could make people some serious money, he said. But first a caution: RRST is a company with a $300 million market capitalization, Cramer warned. It is a small company that is more thinly traded than most of the other stocks he recommends, he said.

He cautioned viewers not to buy the stock right away. "If you buy it now, you'll be sadly disappointed because you'll pay more than you should," Cramer said. Instead, he advised people to buy it next week and to use limit orders when doing so.

RRST, a global content distributor, has the unique ability to transmit content in a single satellite hop, which keeps its costs down, Cramer said. It is because of these low costs that he believes RRST has the ability to maintain its market share and gain more share.

Right now, RRST controls 2% of its market, Cramer said. It's been under the radar since it came public last November, and currently has four analysts covering it, he said. RRST has 40% growth and is a great play on the growth of satellite TV.

That said, it is speculative and shouldn't be bought right away, Cramer stressed.

On a separate note, he recommended market players take some

Adobe Systems

(ADBE) - Get Free Report

off the table, as the stock has had a considerable run recently.

He suggested waiting until after the Fed meets to consider buying GRP, but said if people can get it below $55, they should buy it.

The Sporting Cramer

Cramer said he is used to people in the business media criticizing him and usually takes it in stride, but last week he was surprised to see that the journalists who dislike him have transcended business news and gone into sports news.

In an

article published in the

Seattle Post-Intelligencer

, columnist Art Thiel compared Cramer to Seattle Seahawks' General Manager Tim Ruskell and former Defense Secretary Donald Rumsfeld.

Cramer said the journalist accues him of being arrogant and predicting the future.

"I have convictions when I make a recommendation," Cramer said. "How can I not?"

However, he said his conviction is tempered by discipline because he knows that sometimes he will be wrong. "Discipline trumps conviction," Cramer said.

That is why he advocates against buying and selling all at once and stresses the need for diversification. Following these rules, Cramer said, protects investors from getting hurt if there is a sudden turn in the market

'Mad Mail'

In his "Mad Mail" segment, Cramer told a viewer that because he considers


(NVDA) - Get Free Report

fundamentals to be very strong, he would use any weakness in it as a buying opportunity.

He told another mailer that he likes


(CAT) - Get Free Report

and owns it for his charitable trust,

Action Alerts PLUS.

But at the same time, he said people think it's a housing play, and no matter how hard he tries, he hasn't been able to change that misperception.

Lightning Round

Cramer was bullish on

CME Group

(CME) - Get Free Report






(PH) - Get Free Report


Union Pacific

(UNP) - Get Free Report


Burlington Northern Santa Fe



Texas Instruments

(TXN) - Get Free Report



(NOK) - Get Free Report



(FCX) - Get Free Report


Goodyear Tire

(GT) - Get Free Report


Rosetta Resources

(ROSE) - Get Free Report


Cramer was bearish on

Delta Air Lines

(DAL) - Get Free Report


Alpha Natural Resources



Peru Copper



Image placeholder title

'Sudden Death'

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


(CROX) - Get Free Report


Sirius Satellite Radio

(SIRI) - Get Free Report


He was bearish on

Time Warner




(CMCSA) - Get Free Report


Charter Communications

(CHTR) - Get Free 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 EMC, Caterpillar, Freeport McMoRan and Union Pacific.

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.