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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.

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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

Wal-Mart

(WMT) - Get Report

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

Best Buy

(BBY) - Get Report

,

Costco

(COST) - Get Report

and

Target

(TGT) - Get 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.

Verizon

(VZ) - Get Report

,

DivX

(DIVX)

,

Comcast

(CMCSA) - Get Report

,

Time Warner

(TWX)

,

Akamai Technologies

(AKAM) - Get Report

,

Level 3 Communications

(LVLT)

and

Cisco

(CSCO) - Get Report

are all buys, he said.

Advanced Micro Devices

(AMD) - Get Report

,

Apple

(AAPL) - Get Report

,

Oracle

(ORCL) - Get Report

and

Quest Software

(QSFT)

, should also perform well, Cramer said.

In addition, he suggested

Hewlett-Packard

(HPQ) - Get Report

and even

Yahoo!

(YAHOO)

, both of which he owns for his charitable trust,

Action Alerts PLUS, as tech buys.

Also,

Corning

(GLW) - Get Report

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

Electronic Arts

and

Activision

(ATVI) - Get 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

(KKD)

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

Blockbuster

(BBI) - Get 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

Netflix

(NFLX) - Get 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

(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

Apple

(AAPL) - Get Report

and

Coldwater Creek

(CWTR)

. He was bearish on

Zumiez

(ZUMZ) - Get Report

.

Lightning Round

Cramer was bullish on

Cisco

(CSCO) - Get Report

,

Vertex Pharmaceuticals

(VRTX) - Get Report

,

Ryanair

(RYAAY) - Get Report

,

SunPower

(SPWR) - Get Report

,

Time Warner

(TWX)

,

Corning

(GLW) - Get Report

,

Transocean

(RIG) - Get Report

and

MasterCard

(MA) - Get Report

.

Cramer was bearish on

Syntax-Brillian

(BRLC)

,

Dynamic Materials

(BOOM) - Get Report

,

Aircastle

(AYR) - Get Report

,

ImClone Systems

(IMCL)

,

General Cable

(BGC)

,

Amylin Pharmaceuticals

(AMLN)

,

Superior Energy Services

(SPN)

and

Garmin

(GRMN) - Get 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 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."

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