Skip to main content

Click here for an archive of Cramer's "Mad Money" recaps.

For the remainder of the year, technology stocks should go higher and make market players money, Jim Cramer told viewers of his "Mad Money" TV show Monday.

Every market needs leadership and a group of stocks that want to go higher, he said. The technology sector is the industry that Cramer believes is working right now.

Earlier in the year, it was easier to pick out leadership groups, but now it's become difficult, he said. In the beginning of the year, cyclicals took off. And then it was aluminum, steel and other "red-hot mining plays" that led the market, Cramer said.

Image placeholder title

Then, after the anticommercial assets and gold made a huge run, "we hit a wall, but it was still easy to find leadership," as people steered toward consumer staples to make money.

But now six months later, the consumer staples have had their run, and it's no surprise they've become "momentumless," Cramer said. "We need new stocks to make money."

Though "oil has become the ultimate trade," it is not the new "must-own" sector, Cramer said.

Retail could have been the leader, but then


(WMT) - Get Walmart Inc. Report

performed "so badly" it made it difficult for other retailers like

Best Buy

(BBY) - Get Best Buy Co., Inc. Report



TheStreet Recommends

(COST) - Get Costco Wholesale Corporation Report



(TGT) - Get Target Corporation Report

to perform well with its very low prices, he said.

"The financials can't lead us," and health care is "too confusing" on the eve of the election, he said, as well as the defense group.

"But a lot of stocks are working in technology right now," Cramer said.


(VZ) - Get Verizon Communications Inc. Report






(CMCSA) - Get Comcast Corporation Class A Report


Time Warner



Akamai Technologies

(AKAM) - Get Akamai Technologies, Inc. Report


Level 3 Communications




(CSCO) - Get Cisco Systems, Inc. Report

are all buys, he said.

Advanced Micro Devices

(AMD) - Get Advanced Micro Devices, Inc. Report



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



(ORCL) - Get Oracle Corporation Report


Quest Software


, should also perform well, Cramer said.

In addition, he suggested


(HPQ) - Get HP Inc. (HPQ) Report

and even



, both of which he owns for his charitable trust,

Action Alerts PLUS, as tech buys.



(GLW) - Get Corning Inc Report

"is a play on big-screen TVs," and

Electronic Arts



(ATVI) - Get Activision Blizzard, Inc. Report

are good video-game plays, he said.

Cramer urged viewers to "back up the truck on any election-related weakness."

"The bottom line is tech stocks have historically been the leader in November and December, and they will lead again this year," he said.

Doughnut Nut?

After making

Krispy Kreme


the butt of his jokes for five years, "Krispy Kreme is a buy," Cramer told viewers.

Last week, after Howard Penney, an analyst at Prudential recommended buying Krispy Kreme, he was attacked by the bears. But Cramer believes that Penney is right about Krispy Kreme and advised viewers to buy the stock.

Not only did bears go after Penney's reasoning, but they made some "nasty accusations" and questioned Prudential's integrity for recommending the stock, he said.

However, Cramer believes that Penney is "honest, ethical" and a good analyst.

"It is honest analysis, and neither Prudential nor Penney is known for leaking things," he said. "The attacks are unfounded."

Although there's no question that buying Krispy Kreme is a little bit of a speculation, market players "need a little bit of speculation to stay on top of the game," Cramer went on to say.

Plus, when there is such a drastic kind of negativity toward a stock, it becomes easier to make money off of it, he explained.

"No one who is scared owns it," Cramer said. "They have already sold the stock."

If people can handle the risk, Krispy Kreme is "worth owning," he said.

The Dog Has Its DVD Day

Another stock Cramer advised buying is


(BBI) - Get Brickell Biotech, Inc. Report


"It's a trade that should go higher over the next six months," he said. "Buy it now, and sell it in April."

Although Cramer has not historically liked this stock, it has a new plan, which Cramer believes will help it beat


(NFLX) - Get Netflix, Inc. (NFLX) Report


The company's total-access plan, which allows customers to exchange DVDs in the store for free rentals, "should drive Blockbuster higher and put it ahead of Netflix," he said.

Even though "free" is a "terrible" word for a company to use to turn itself around, this could steer subscribers from Netflix, Cramer said.

Though Blockbuster has been an "unbelievable dog," last quarter it beat its estimates, and after two years of straight losses, it is profitable, he said.

Plus, the fact that there is almost no coverage of this stock should make it jump on any good news, Cramer continued.

Be a buyer of Blockbuster now, sell it after six months, and don't forget to use limit orders when buying it, he said.

No Boo for Blue Nile

Cramer welcomed Mark Vadon,

Blue Nile


co-founder and CEO, to the show and asked him if shareholders should be scared to own this stock after Piper Jaffray recently downgraded the stock to a sell.

"I don't think you should be scared," Vadon said. "I try to focus on building the business and not debating analysts, but after reading the report, I couldn't disagree more with the analyst."

"We have a ton of business ahead of us," he continued. "We are the largest jeweler on the Internet and dominate engagement on the Web."

When Cramer stated from the report that the company's gross-margin decline is "very scary," Vadon said, "We've seen accelerating growth the last couple of quarters."

"We've been growing close to 30%," he continued. "It's translating into profitability and overall positioning us for the future."

Cramer said he's not backing away from Blue Nile.

To view Cramer's interview with Mark Vadon, please click here.

In his "Sudden Death" round, Cramer was bullish on


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


Coldwater Creek


. He was bearish on


(ZUMZ) - Get Zumiez Inc. Report


Lightning Round

Cramer was bullish on


(CSCO) - Get Cisco Systems, Inc. Report


Vertex Pharmaceuticals

(VRTX) - Get Vertex Pharmaceuticals Incorporated Report



(RYAAY) - Get Ryanair Holdings Plc Sponsored ADR Report



(SPWR) - Get SunPower Corporation Report


Time Warner




(GLW) - Get Corning Inc Report



(RIG) - Get Transocean Ltd. Report



(MA) - Get Mastercard Inc. (MA) Report


Cramer was bearish on




Dynamic Materials

(BOOM) - Get DMC Global Inc. Report



(AYR) - Get Aircastle Limited Report


ImClone Systems



General Cable



Amylin Pharmaceuticals



Superior Energy Services




(GRMN) - Get Garmin Ltd. (GRMN) Report


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

click here.

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 Yahoo! and Hewlett-Packard.

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.