Click here for an archive of Cramer's "Mad Money" recaps. "Buy Rite Aid ( RAD), Jim Cramer told "Mad Money" TV viewers Wednesday, a company that he always says to stay away from. "If you do want to go out and find an absolutely worst of breed pharmacy, you're always going to end up with Rite Aid," Cramer said. "But when the bull market is upon us, we break the rules and buy worst of breed." Cramer said that the "unquestionable bull market in the pharmacies" is what makes Rite Aid right. "I hate Rite Aid. ... I just want you to buy it," he said. It's sexy now for all the same reasons he's been recommending best of breed Walgreen ( WAG) and CVS ( CVS), and it's all about Medicare Part D, Cramer said. This is because the new legislation encourages people to buy generic drugs, which translates into more money for pharmacies as the government drops $400 million on drug spending, Cramer said. So why buy Rite Aid when there are best of breed players out there? You've missed nothing with Rite Aid, he said, adding that it's extremely cheap next to the competition. Rite Aid closed Wednesday's regular session at $3.89. And Rite Aid had positive same-store sales for the first time, Cramer said, adding that "you've got a stock here for the first time in a long time that might rally for good reasons." Moreover, a Goldman Sachs analyst has upgraded the stock, he said.
Take a Gamble
We have no choice but to go where the money is ... and that means going to China, Cramer said. But, as always, he said to steer clear of Chinese companies and to buy American companies that profit off the quirks of the Chinese. In this case, he said it's time to make some money from the fact that the Chinese are gambling again.