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"Looking at great investors for ideas of what to buy will rarely steer you the wrong way," Jim Cramer told viewers of his "Mad Money" TV show Thursday.

At the same time, people should still do their homework before blindly piggybacking off a master money manager.

Everyone wants to invest like Warren Buffett, he said. "But is it desirable? Will it make you money or hurt you?"

A visitor on came up with a review of Warren Buffett's stock picks that was so popular it crashed the site.

Cramer liked the idea so much he said he's devoting two segments of today's show to it.

"I want to teach you to become a better, more effective piggybacker," he said.

The first Buffett stock he called out was

Burlington Northern Santa Fe


, the best railroad for moving coal.

"Buffett is dead-on" with BNI, Cramer said. Coal is king, and BNI is among the quartet of rails that has banished competition in the sector by dividing the country up into different sections, in which each can operate and raise prices.

Second is


(KO) - Get Report

, he said. Though this stock has been "really crummy" for a long time, it's the right place to be right now.

The beverage company's CEO, Neville Isdell, has transformed Coke with new products such as Coke Zero, which will help drive the stock higher.

Cramer believes that Buffett's next pick,

Procter & Gamble

(PG) - Get Report

, has lost its way. He said he would rather own


(CL) - Get Report

, after years of touting P&G.

Moving on, Cramer said


(WMT) - Get Report

has been a company he's "despised" for the last 15 years. But because it has stopped putting up new stores, and after its recent $15 billion buyback, he likes it.

"Buffett is onto something with Wal-Mart," Cramer said. "I'm following him on it."



, on the other hand, is heavily levered to housing, he said. Housing is "awful," and even if people have a long-term focus, like Buffett does, on USG, there's no reason to go through the pain and own it now.

"Someday, USG will be right," Cramer said. But in the 16- to 18-month time period he's looking at now, USG doesn't look like it's worth owning, he said.

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Cramer does like

American Express

(AXP) - Get Report

, which, he pointed out, is even cheaper than


(MA) - Get Report

. He believes that American Express, which closed at $62.66 Thursday, will finish the year at $72.

Further, Cramer said he has "nothing but respect" for best-of-breed

Wells Fargo

(WFC) - Get Report

, which is also part of Buffett's portfolio.

And although Buffett's


(MCO) - Get Report

pick is "controversial," Cramer feels that he's right about it. "This one is worth owning" because of its solid duopoly in the ratings business and the fact that it could be taken over.

As for

Johnson & Johnson

(JNJ) - Get Report

, Cramer doesn't understand why Buffett owns it, because it doesn't have much of a pipeline. Maybe Buffett likes it as a play on a great American franchise, Cramer said, but most of its products are drugs and medical devices, not Band-Aids. In addition, until 2012, JNJ has a drug a year going off patent.

More Buffet Bets


(COP) - Get Report


Union Pacific

(UNP) - Get Report

are both Buffett-owned stocks Cramer that encourages viewers to buy. UNP, which he owns for his charitable trust,

Action Alerts PLUS, is his rail of choice for value, and COP is a triple-buy, he said.

Furthermore, Cramer said, he considers

US Bancorp

(USB) - Get Report

"a serious buy" because of the stock's great yield and big buybacks and because it has consistently raised its dividend over the past few years. On the other hand, Cramer called Buffet stock

M&T Bank

(MTB) - Get Report

"scary" and said would get out of it.

In contrast,

American Standard Companies


is a company Cramer believes "still has legs -- 15 points worth of legs."

Cramer also said he likes

Norfolk Southern

(NSC) - Get Report

and considers



among the best health containment companies.

Cramer said he can't comment on

General Electric

(GE) - Get Report

but that it's been a winner in past weeks.

Also, once the


(UNH) - Get Report

(a stock he owns for his charitable trust) and

Sierra Health Services


deal closes, Cramer said it should free up some cash for UNH to buy back some stock. He called UNH the cheapest, but not best-run, in its group.

In addition, Buffett-owned


(IR) - Get Report

seems to have the value to go higher, but

H&R Block

(HRB) - Get Report

is not in great shape, Cramer said. The market keeps beating the latter up, and it keeps going lower.

Cramer is baffled by what Buffett sees in H&R Block, but Cramer's bottom line is: When it comes to picking winning stocks, "Buffett's still got it."

Sell Block

During his "Sell Block" segment, Cramer advised viewers to be cautious and prudent with their gains "because they can be taken away." In cases in which investors have made double-digit gains, he urged profit taking.

He suggested taking 25% of

VF Corp.

(VFC) - Get Report


Ralph Lauren

(RL) - Get Report

positions off the table and allowing the rest to run.

Further, Cramer asked people to consider ringing the register on most or all of




Take some

General Cable



First Solar

(FSLR) - Get Report



(CHE) - Get Report

off the table, too, he said, as all have had big runs.

It's also time for viewers to take some gains in their green-day plays, such as


(FTEK) - Get Report


Foster Wheeler



Shaw Group


, Cramer said.

He advised viewers to clear out of



and to consider selling some





Acadia Pharmaceuticals

(ACAD) - Get Report

CEO Dr. Uli Hacksell joined Cramer on his show and said that Acadia has made some "very exciting progress" in its schizophrenia treatments.

Acadia has been busy working on two schizophrenia programs, one of which -- the advanced program -- recently completed a phase II study, Hacksell said. Acadia is now looking to form alliances with a partner that will help take the program through phase III.

Cramer said he believes Acadia will find a partner, and he iterated his buy at $14. "I think the stock could see $20 next year at this time," he said.

To view Cramer's interview with Uli Hacksell , please click here.

Lightning Round

Cramer was bullish on

Texas Instruments

(TXN) - Get Report


National Semiconductor




(INTC) - Get Report



(HAL) - Get Report


Gerdau AmeriSteel



US Steel

(X) - Get Report


Allegheny Technologies

(ATI) - Get Report


Sears holdings



Brookfield Asset Management

(BAM) - Get Report



(PEP) - Get Report


Smith & Wesson




(AAPL) - Get Report



(CAT) - Get Report


Cramer was bearish on

Integrated Device Technology

(IDTI) - Get Report


Grey Wolf



Pepsi Bottling Group




(SBUX) - Get Report


Whole Foods Market



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


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At the time of publication, Cramer was long Union Pacific, UnitedHealth Group, Sears Holdings, Caterpillar and Halliburton.

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.