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Cubic ( CUB), which makes systems for defense and public transportation, stands to profit from the continuing fallout of last month's London subway bombings, Jim Cramer said Wednesday on his "Mad Money" TV show.

New York City announced Tuesday it will install 1,000 video cameras and 300 motion sensors in its subways to improve security. But Lockheed Martin ( LMT), the lead contractor for the program, is too large a company to see an impact from the $212 million contract, Cramer said.

Subcontractors, though, such as Cubic, are small enough that they could see some benefit.

Cramer stressed he was interested only in buying Cubic's stock as a trade, and advised using limit orders to purchase the stock close to its Wednesday closing price of $18.40.

A caller wanted to know if there were any security companies Cramer liked as an investment rather than a trade. Cramer endorsed L-3 Communications ( LLL) but said there is nothing wrong with "making a couple bucks in the Cubic."

Another caller wanted to know if there was a way to make money on the recently announced military base closures. Cramer said Lennar ( LEN), a homebuilder, has had success turning one closed military base into homes. However, Cramer believes the general investment environment toward homebuilders right now just isn't favorable enough to endorse any homebuilder's stock.

In response to a question about Symbol Technologies' ( SBL) stock, Cramer said, "This is a tough call because the guy who left is the guy who talked me into buying the stock." (Symbol's former CEO, Bill Nuti , is now the CEO of NCR ( NCR).)

Cramer believes Symbol is "too oversold" at $8, but says the company is floundering without its former leader. "The smartest thing the company could do is put itself up for sale."

Going Upscale

Cramer was bullish on Ruth's Chris Steak House ( RUTH), which closed Wednesday just over a dollar above its recent IPO price of $18. "I think it's a bargain here. I think it's a buy."

Ruth's stock traded down Wednesday in sympathy with Applebee's ( APPB), Cramer said. Applebee's stock was off nearly 7% Wednesday after issuing disappointing guidance Tuesday night. However, Cramer said it was important to distinguish between upscale retail and restaurant stocks, such as Ruth's Chris, which have been doing fine, and downscale retail and restaurant stocks, such as Applebee's and Wal-Mart ( WMT), which have blamed high gasoline prices for their recent woes.

In addition to being in the right segment of the market, Cramer said, Ruth's Chris has the magic ingredients of "growth, growth and growth." With only 88 restaurants, Cramer thinks the company has room to expand to 170.

"When we're looking at a retailer, when we're looking at a restaurant chain ... what we're really looking for is growth. Ruth's Chris Steakhouse has growth in spades. We're looking for a regional to national story, and it's got that, too."

"That's the kind of compelling growth story I want a piece of."

A caller asked when Cramer thought low-end retailers and restaurants would be right to buy again. "Those stocks will not fall back into favor until we have a recession," said Cramer.

Tears in His Beer

"What has happened to beer in this country?" Cramer asked. That's a question he has been asking himself for some time. Cramer said he's come to realize people have graduated to mixed drinks and in particular to scotch, whiskey and high-end vodkas.

Two stocks that stand to benefit are Brown-Forman ( BF.B) and Fortune Brands ( FO). However, Cramer said, "BFB has already moved ... I think Fortune Brands has a move in the future."

Of Nature and Oil

Cramer had Ultra Petroleum ( UPL) CEO Michael Watford as a guest on the show to ask if oil was going to $100 a barrel as so many seem to think it is.

"I don't think it will go to $100, but ... we firmly believe prices are going to be higher for longer," said Watford.

Cramer asked if the country has gotten more serious about oil exploration in the wake of high oil prices, implying wildlife and environmental concerns have unduly impeded companies like Ultra from tapping new oil resources in the West.

"We're still worried about the Mule Deer and the Sage Grouse, yes," said Watford.

"Should we be?" asked Cramer.

"I think we should be. But, we need to put it into perspective with what else is going on," Watford replied.

To close, Watford added that China is still seeing no slowdown in demand for oil. There are still "lines" for gas there, he said.

Cramer concluded the interview saying he still likes oil and gas stocks like Ultra. But, he advised taking profits if you have them in energy stocks.

"Please don't be greedy. Don't be a hog!" said Cramer.

After-the-Bell Reverberations

Commenting on news after the close, Cramer said Dave & Buster's ( DAB) issued a "gigantic guide-down."

York ( YRK) "got the nice bid."

"Good work by Johnson Controls ( JCI)."

Lightning Round

Bullish

Cramer was bullish on GameStop ( GME), Syneron Medical ( ELOS), Bunge Limited ( BG), Internet Security Systems ( ISSX), Advanced Micro Devices ( AMD), RF Micro Devices ( RFMD), WebEx Communications ( WEBX), IntraLase ( ILSE), MSC Industrial Direct ( MSM), Netflix ( NFLX), Countrywide Financial ( CFC) and Sprint Nextel ( S).

Bearish

Cramer was bearish on Pfizer ( PFE), Toll Brothers ( TOL), Goodyear Tire & Rubber ( GT), Ford Motor ( F), Senomyx ( SNMX), Nextel Partners ( NXTP), Spectrum Brands ( SPC), Blue Coat Systems ( BCSI), Taser ( TASR), Allstate ( ALL), LifeCell ( LIFC), Regeneron Pharmaceuticals ( REGN), ValueClick ( VCLK), Peabody Energy ( BTU), PetMed Express ( PETS), Boston Beer ( SAM), Vulcan Materials ( VMC), Gap ( GPS) and Tekelec ( TKLC).

1. Pigs Get Slaughtered 2. It's OK to Pay the Taxes
3. Don't Buy All at Once 4. Buy Damaged Stocks
5. Diversify to Control Risk 6. Do Your Homework
7. Don't Panic 8. Buy Best-of-Breed
9. Defend Some Stocks 10. Don't Bet on Bad Stocks
11. Own Fewer Names 12. Cash Is for Winners
13. No Regrets 14. Expect Corrections
15. Know Bonds 16. Don't Subsidize Losers
17. No Room for Hope 18. Be Flexible
19. Quit When Execs Do 20. Patience Is a Virtue
21. Be a TV Critic 22. When to Wait 30 Days
23. Beware the Hype 24. Explain Your Picks
25. Find the Bull Market
At the time of publication, Cramer was long GameStop.

James J. 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 ActionAlertsPLUS. While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here. Listen to Cramer's RealMoney Radio show on your computer; just click here. Watch Cramer on "Mad Money" at 6 p.m. ET weeknights on CNBC. Click here to order Cramer's latest book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict."

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