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Now that

Yahoo!

(YHOO)

is beginning to stabilize, the Internet giant must "jump-start its growth," Jim Cramer told viewers of his "Mad Money" TV show Wednesday.

Cramer, who owns the stock for his charitable trust,

Action Alerts PLUS, believes Yahoo! can't grow organically and needs to purchase other companies.

Over the next week, Cramer said he's going to give his viewers a list of little Internet companies Yahoo! could buy.

The first of these is

Bankrate

(RATE)

, a financial Internet stock that helps people find the "best loans" and makes money from advertising, he said.

Bankrate could easily be swallowed up and would enable Yahoo! to "expand its long arm across the Net," Cramer said.

He advised buying Bankrate, as he believes the stock will go up as housing returns gradually over the next months.

Peruvian Play

Southern Copper

(PCU)

TheStreet Recommends

is "a great way to play one of the last capitalist countries

Peru standing in Latin America," Cramer told his viewers.

One of the best reasons to buy this stock is the yield. In fact, if market players bought Southern Copper and it did nothing for a year, they would be up 8% because of its "glorious" dividend, he said.

"Even if copper is cheaper, it's in demand," said Cramer, who added that Southern Copper has a "monster upside surprise" coming.

The company just opened a big mine and settled a major labor dispute favorable to Southern Copper's management, he said. Plus, this year the company is not hedging.

Removing the cost of hedging should cause an "earnings explosion," Cramer said. He advised people to buy Southern Copper on a pullback.

Mail It In

In Cramer's "Mad Mail" segment, when a viewer asked him what keeps a stock like

Smith & Wesson

(SWHC)

going, Cramer said it did well because its expectations were low, and it got backed by the government on litigation risk.

It turns out a lot of Smith & Wesson's money went to lawyers, so when that ended, it had more money, he said.

Unhealthy

Cramer told another viewer he has been hurt by

UnitedHealth Group

(UNH) - Get UnitedHealth Group Incorporated Report

, which he owns for his charitable trust,

Action Alerts PLUS.

He said he backed William McGuire, the company's CEO, and McGuire ended up letting him down.

He warned one viewer to stay away from after-hours trading and told another that he prefers

FedEx

(FDX) - Get FedEx Corporation Report

to

UPS

(UPS) - Get United Parcel Service, Inc. Class B Report

.

Diversificated

In the "Am I Diversified?" segment of the show, Cramer's first caller owned the following five stocks:

Sears

(SHLD)

,

Apple

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

,

Time Warner

(TWX)

,

AT&T

(T) - Get AT&T Inc. Report

and

Cephalon

(CEPH)

.

Cramer said he was "enamored" of the portfolio and that the caller was completely diversified.

The next caller named the following five stocks:

Wal-Mart

(WMT) - Get Walmart Inc. Report

,

Sirius Satellite Radio

(SIRI) - Get Sirius XM Holdings, Inc. Report

,

Under Armour

(UARM)

,

Ford

(F) - Get Ford Motor Company Report

and

Chiquita

(CQB)

.

As the portfolio contained two speculative stocks, Chiquita and Sirius Satellite, Cramer said he could not bless it.

Cramer's last caller had these five stocks:

Altria

(MO) - Get Altria Group Inc Report

, Ford,

Valero Energy

(VLO) - Get Valero Energy Corporation Report

, Yahoo! and

Schering-Plough

(SGP)

.

He told the caller his portfolio was well played and well done and blessed it diversified.

Lightning Round

Cramer was bullish on

Genentech

(DNA)

,

Caterpillar

(CAT) - Get Caterpillar Inc. Report

,

CSX

(CSX) - Get CSX Corporation Report

,

Sinclair Broadcasting

(SBGI) - Get Sinclair Broadcast Group, Inc. Class A Report

,

CBS

(CBS) - Get CBS Corporation Class B Report

,

Disney

(DIS) - Get Walt Disney Company Report

,

Wendy's

(WEN) - Get Wendy's Company Report

,

Monsanto

(MON)

,

Varian Medical

(VAR) - Get Varian Medical Systems, Inc. Report

,

Cognizant Technology

(CTSH) - Get Cognizant Technology Solutions Corporation Class A Report

,

Reliance Steel

(RS) - Get Reliance Steel & Aluminum Co. Report

,

Borders Group

(BGP)

,

Kaydon

(KDN)

,

E*Trade

(ET) - Get Energy Transfer, L.P. Report

,

J.C. Penney

(JCP) - Get J. C. Penney Company, Inc. Report

,

Staples

(SPLS)

,

Nucor

(NUE) - Get Nucor Corporation Report

,

LM Ericsson Telephone

(ERIC) - Get Telefonaktiebolaget LM Ericsson Sponsored ADR Class B Report

,

Nokia

(NOK) - Get Nokia Oyj Sponsored ADR Report

and

Hershey

(HSY) - Get Hershey Company (HSY) Report

.

Cramer was bearish on

Evergreen Solar

(ESLR)

,

Flamel Technologies

undefined

,

JDS Uniphase

(JDSUD)

,

XM Satellite Radio

(XMSR)

,

Gibraltar Industries

(ROCK) - Get Gibraltar Industries, Inc. Report

,

Family Dollar Stores

(FOD)

,

Jacobs Engineering

(JEC) - Get Jacobs Engineering Group Inc. (J) Report

and

ConocoPhillips

(COP) - Get ConocoPhillips Report

.

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

.

In the "Sudden Death" round Cramer was bearish on

Illumina

(ILMN) - Get Illumina, Inc. (ILMN) Report

,

Medtronic

(MDT) - Get Medtronic Plc (MDT) Report

and

P.F. Chang's

(PFCB)

.

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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 Altria, Sears, Schering-Plough, UnitedHealth Group and Yahoo!.

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.