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Jim Cramer has three growth stocks he believes you should own for 2007, even if you hate risk, he said during his "Mad Money" TV show Thursday.

"There's room in anyone's portfolio for a good growth stock," he said.

Cramer opened with his No. 3 growth stock of the year: Cisco Systems ( CSCO).

After spending years as a "dead-end" stock, Cisco has finally come back, Cramer said. And even though it is up big since he recommended it on Aug. 8, Cramer said he expects it to "keep running" the whole year, as it has turned itself into a "consumer-oriented tech stock."

"The Cisco of today is not the Cisco of yesterday," he said.

It's no longer a networking backbone play but has penetrated homes by becoming a major competitor in the triple play (video/phone/Internet) market, Cramer said. After spending some time in the "wilderness," Cisco is back as the No. 3 growth stock for 2007, Cramer said.

(This week, Cramer is issuing his annual market forecast. Click here for his top three value picks, which he offered Wednesday.)

Green Apple

Cramer picked Apple Computer ( AAPL) as his No. 2 growth stock of 2007.

Although Apple's up more than 175% the last two years and more than 50% since July, Cramer believes Apple Computer will move higher because "picking stocks is not like flipping a coin." There's no balancing out that occurs, he said. Instead, "winners keep winning and "losers keep losing," Cramer said.

Cramer considers Apple a winner that has changed the way people listen to music. Not only is it a brand people trust and love, but it is cool, Cramer continued. Moreover, Microsoft's ( MSFT) Zune MP3 player will not be able to push it past Apple, he said.

And now that Apple has set up its operating platform, it should continue to grow with its new iTV and Apple phone products, Cramer said. Because none of the analysts have worked the phone angle into their estimates, Cramer said he expects a "tidal wave" of raised estimates to hit the market soon.

There are always bears and short-sellers, but in Apple's case "they are wrong and should get buried," Cramer said.

The bears have been wrong for the last three years by believing Apple's iPod growth would wear out, and now the company has more growth-drivers than just its iPod, Cramer said. In addition, he believes the options-backdating issue is insignificant and should not affect the stock.

"It has a winning formula, and nothing is going against it."

And the Winner Is ... NYSE Group

Cramer's growth stock for the new year is the NYSE Group ( NYX).

"If you're comfortable taking a few risks to make more and more mad money, NYX is for you," he said.

Cramer believes the NYSE will grow, blow away its estimates and "keep flying" because its main objective is to make money. The company is shutting down trading rooms and laying off people, replacing them with faster and cheaper machines.

Cramer said the stock has great revenue growth and a sound cost-cutting strategy, which should save the company millions of dollars. In addition, it has the lowest operating margins of all publicly traded exchanges and "low, beatable estimates," Cramer said.

The only reason NYSE shares are down is because of arbitrage pressure from its pending Euronext acquisition, said Cramer, and that pressure shouldn't last. The NYSE is ready "to conquer the world" and should go to $240 a share, Cramer said.

Mail It In

In his "Mad Mail" segment, Cramer told a viewer to stick with Coach ( COH), as he believes it should go higher. However, he warned people against being greedy and advised those who have already made money on it to take some profits.

He also suggested a mailer back up the truck* with Lundin Mining ( LMC), and advised another caller to buy Cyberonics ( CYBX) under $20. Cyberonics closed at $21.02 Thursday.

Lightning Round

Cramer was bullish on TD Ameritrade ( AMTD), Goldman Sachs ( GS), Adobe Systems ( ADBE), DivX ( DIVX), Stryker ( SYK) and Coldwater Creek ( CWTR).

Cramer was bearish on Yahoo! ( YHOO), Valero Energy ( VLO), Rentech ( RTK) and Allscripts Healthcare Solutions ( MDRX).

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

*For all you home-gamers, a 'mon-back opportunity means Cramer would back up the figurative truck and load up on a stock.

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 Goldman Sachs, NYSE Group and Yahoo!.

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.

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