Cramer's 'Mad Money' Recap: Stay with New Tech

Cramer says this long-term theme will withstand a down market.
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"When stocks are down big, stick with the long-term themes that work," Jim Cramer told viewers of his "Mad Money" TV show Tuesday.

He told investors to stick with the many long-term theses he's been highlighting over the past few weeks: including agriculture, oil and gas, infrastructure, minerals, and aerospace.

Cramer explained that while all of these sectors do better as oil prices head higher, it's the "new tech" companies, companies that are solving the world's problems, that hold the most promise. He referenced the newly published "Top 10 Needs of Humanity" list to future illustrate his point.

According to the list, humanity's top 10 needs over the next 50 years include energy, food, water, the environment, poverty, fighting terrorism, disease, education, democracy and population. "These are long-term issues that aren't going away," said Cramer. "You'll notice how videos games and cell phones and sales management software

aren't on this list," he continued.

Cramer continued to recommend the many "new-tech" names he's been highlighting, including names like

Eaton

(ETN) - Get Report

,

Parker-Hannifin

(PH) - Get Report

,

Emerson

(EMR) - Get Report

and

First Solar

(FSLR) - Get Report

. He gave special mention to Parker-Hannifin, which he said is not only helping to solve the world's problems, but also supports its shareholders with a solid dividend.

"These are the themes that let you sleep at night without nightmares," Cramer told viewers. "New tech," he said, is the place to be.

Cramer Interviews Herbalife CEO

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Gas Up on Navistar

Cramer said when it comes to fuel-efficient trucks,

Navistar International

(NAVZ)

is the market leader, just behind his other favorite engine play,

Cummins

(CMI) - Get Report

. According to Cramer, Navistar is a great company with a catalyst that's poised to take its stock higher.

On a fundamental level, Cramer said he likes Navistar for its manufacturing of fuel-efficient school buses and trucks. The company has new hybrid diesel engines that tout fuel savings of 9%-13% over traditional engines. The company also has growing military division which the company says could see up to $2 billion in sales.

But Cramer said the real catalyst for Navistar is the company's expected relisting on the

New York Stock Exchange

. Navistar was delisted from the exchange back in 2005 for accounting issues, but Cramer said the company's accounting problems are now behind them. He likened Navistar to

Terex

(TEX) - Get Report

, which saw shares double after recent accounting issues were resolved.

Cramer first mentioned Navistar back on Sept. 25, 2007 at $60. Since then, the stock has risen 14%. Cramer said when the company files the last of its financials and gets relisted on the exchange, the big institutional money will return, taking the stock higher. The company currently trades at just 7.7 times its forward earnings, but Cramer predicts Navistar could fetch an 11.6 multiple, taking it to $104 for a 51% gain.

Herbalife Chief Speaks

Cramer again welcomed Michael Johnson, chairman and CEO of

Herbalife

(HLF) - Get Report

, to the show to discuss the company's outlook amid the continued controversy surrounding it.

Cramer first recommended Herbalife back on May 15, 2007 at $39.39. Since then, shares have been "a complete roller-coaster," according to Cramer. The company has been under almost constant attack by critics of its products and marketing methods.

Yet, said Cramer, Herbalife continues to deliver on its earnings quarter after quarter, beating its estimates.

Johnson defended his company's products as completely safe, saying that Herbalife continues to test and retest its products and refine its supply chain to bring the best possible products to market. He called concerns over lead in their products a "non-issue." He defended other allegations by saying that no Herbalife products have ever been recalled by any country at any time.

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When asked about possibly taking the company private to avoid the onslaught of allegations, Johnson said both he and Herbalife's board talk about options often, but are committed to rewarding their shareholders with the best possible outcome.

Cramer commended Johnson for discussing his company's problems in a public forum.

Mad Mail

In the "Mad Mail" viewer feedback segment, Cramer told a viewer that he still believes in

NYSE Euronext

(NYX)

, but wouldn't pull the trigger until the stock pulls back.

Cramer told a second viewer that he recommends

Corning

(GLW) - Get Report

as a play on high-definition television.

Sudden Death

In Sudden Death, Cramer was bullish on

Energy Conversion Devices

(ENER)

.

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Cramer was bearish on

Home Depot

(HD) - Get Report

and

Zoltek

(ZOLT)

.

Lightning Round

In the Lightning Round, Cramer was bullish on

World Wrestling Entertainment

(WWE) - Get Report

,

Waste Management

(WMI)

,

IDEXX Laboratories

(IDXX) - Get Report

,

Marathon Oil

(MRO) - Get Report

,

Coca-Cola

(KO) - Get Report

,

PPL Corp

(PPL) - Get Report

and

Exelon

(EXC) - Get Report

.

Cramer was bearish on

Tesoro

(TSO)

and

Coca-Cola Enterprises

(CCE)

.

Jim Cramer writes about all the stock trades in his charitable trust for TheStreet.com in Action Alerts Plus. Recent stocks he's traded in this account include Schering-Plough (SPG) - Get Report, Yamana Gold (AUY) - Get Report and Abbott Laboratories (ABT) - Get Report.

Want more Cramer? Check out Jim's rules and commandments for investing by

clicking here

.

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

.

At the time of publication, Cramer was long Corning and NYSE Euronext.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for

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