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It's time to dip into the liquor business, Jim Cramer told viewers of his "Mad Money" TV show Thursday, and that means it's time to look at

Diageo

(DEO) - Get Diageo Plc Report

.

He said this is the company to consider for investors who want to be in the high end of the liquor business. Diageo's product line includes such brands as Smirnoff vodka, Johnnie Walker scotch and Guinness stout.

He called it an "unsponsored" company with great growth and a great dividend.

"This stock is stuck in the mud and I want it unstuck, and that's why I picked it," Cramer said.

Profits at the London-based company, which reported its six-month results Thursday, have soared. Cramer cited Diageo's 7% American growth, 12% growth outside of America and 12% EPS growth, which he believes could go higher, as well as its "juicy 4.5% dividend."

Plus, Cramer believes that the stock is cheap, stuck as it has been near $60.

A caller wanted to know if Cramer would recommend

Constellation Brands

(STZ) - Get Constellation Brands, Inc. Class A Report

, which owns Mondavi vineyards.

While Cramer said she was right to make the comparison, he said that Constellation's last quarter was a "disaster," and that it made him think that the wine and beer markets were not for him.

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TheStreet Recommends

While Cramer has said time and again to stay away from the automobile and Big Pharma sectors, it's not because he hates them per se. He said he just dislikes the U.S. automakers and drugmakers.

It's not for political reasons, he said, but because there are "much, much better opportunities for growth if we get out of the U.S.A."

A Passage to India

"If you do the E.M. Forster thing and go to India," he said to take a look at

Tata Motors

(TTM) - Get Tata Motors Ltd. Report

and

Dr. Reddy's Laboratories

(RDY) - Get Dr. Reddy's Laboratories Ltd. Report

to get into both sectors.

The Indian market is exploding, a factor that makes both stocks look intriguing, he said.

As far as Dr. Reddy's in concerned, Cramer doesn't usually like generic-drug companies, but the said that the company is embarking on some growth acquisitions that could be "just what the doctor ordered."

Dr. Reddy's is doing an offering to pay for its latest acquisition, giving investors an opportunity to sneak in and buy.

But, he warned, "If you're buying

Dr. Reddy's after hours, you have no concept of what you're doing whatsoever."

He also said that if

Bristol-Myers

(BMY) - Get Bristol-Myers Squibb Company Report

loses its patent on Plavix, then this generic-drug play could benefit.

He said that Tata Motors is a great-looking automaker because, unlike its American counterparts, it has no labor issues or expensive pension plans with which to deal.

McDermott International

(MDR) - Get McDermott International, Inc. Report

"is without question the best infrastructure play out there," Cramer said, because our country is switching to coal-based power.

"If you need to build a

coal plant, McDermott gets the call ... and as of the 22nd, they'll put their asbestos issues in the past," he said.

When the stock shot up to $52 a share, Cramer said he passed on it, even though he thought it was a good company, because the price was too high.

But now that it's back down near $47, he said he would back up the truck and buy.

Price, more than anything, matters a lot, Cramer said, and sitting around waiting for the right price is key.

"It's like a professional shopper waiting for the right sale," he said, adding that discipline is the name of the game and the key to making a lot of money.

Women's Health

When you see a stock that is unquestionably in bull market mode and it gets knocked down, that's when you "pull the trigger" and buy.

Cramer believes that the growth story behind McDermott is good because of the many coal projects that have been proposed in the U.S.

He added that their subsidiary Babcock & Wilcox practically owns the coal emission scrubber and plant boiler markets, which are necessary for clean coal plants.

With environmental rules getting tougher, Cramer said that means mad money for the McDermott unit.

Finally, the company trades at 16 times earnings, but he believes that its growth rate could justify an even higher multiple.

Cramer welcomed Patrick Sullivan, chairman and chief executive of

Cytyc

( CYTC), a company that specialized in the women's health care sector.

Cytyc makes products to detect cervical and breast cancer, and Sullivan said they have a large share of the pap-test market.

He also said that the company's fourth-quarter revenue increased by 25%, and that its new products should generate continued growth.

One product he seemed particularly upbeat about is a new product that will treat abnormal uterine bleeding, for which he says there will be a large market.

To view Cramer's interview with Sullivan, click here.

Lightning Round

Bullish

Cramer was bullish on:

Rio Doce

(RIO) - Get Rio Tinto Plc Report

,

Hologic

(HOLX) - Get Hologic, Inc. Report

,

Ameritrade

(AMTD) - Get TD Ameritrade Holding Corporation Report

,

DaVita

(DVA) - Get DaVita Inc. Report

,

TradeStation

( TRAD),

Terex

(TEX) - Get Terex Corporation Report

,

Oneok

(OKE) - Get ONEOK, Inc. Report

,

Western Digital

(WDC) - Get Western Digital Corporation Report

,

CBOT Holdings

( BOT),

Boeing

(BA) - Get Boeing Company Report

,

Pearson

(PSO) - Get Pearson Plc Report

Peabody Energy

(BTU) - Get Peabody Energy Corporation Report

and

Hexcel

(HXL) - Get Hexcel Corporation Report

.

Bearish

Cramer was bearish on:

Motorola

( MOT),

Atmel

(ATML)

and

Consol Energy

(CNX) - Get CNX Resources Corporation Report

.

Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by

clicking here

.

At the time of publication, Cramer was long Ameritrade, Boeing and Motorola.

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."

None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, TheStreet.com 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 TheStreet.com, 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 TheStreet.com. 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 TheStreet.com, 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.