Click here for an archive of Cramer's "Mad Money" recaps.


On Tuesday's "Mad Money" TV show, Jim Cramer took viewers to the six "wild bull markets."

Right now, he said, the Federal Reserve is on hold, and the economy, while "anemic," is not in a recession. And during economic weakness, the wild bull markets should be the first to recover, Cramer explained. Right now there are six wild bull markets.

The first, Cramer said, is in agriculture. There was a "deeply disturbing" editorial in The New York Times recently about reforming the farm bill. It discussed overhauling agricultural subsidy programs that reward big growers of traditional crops -- phasing them out and "replacing them with a single 'risk-management account.' "

According to the editorial, the bill would divert billions to help specialty crop farmers, and the reforms would spend money on rural conservation and food stamps, Cramer said. However, "thankfully this was just an editorial and not reality."

Cramer said he's confident this "travesty" will be averted and that the bull market in agriculture should stay alive.

That said, there are three stocks he believes people should want to own here. The first is Deere ( DE) as an agricultural machinery play. This stock, Cramer said, is "money in the bank."

He considers it the best of breed in the farm machinery business and said it is "quite well-priced."

The next to own in the agricultural space is Monsanto ( MON) a biotech company that makes seeds, Cramer said. Even though this stock seems expensive, with 24% growth Monsanto is "cheap," he said.

Finally Chemical & Mining Co. of Chile ( SQM) is the one to bank on as a fertilizer play in the agriculture sector, Cramer said.

Wild bull market No. 2 is in machinery, he went on to say. Here the best of breed is Caterpillar ( CAT), which Cramer owns for his charitable trust, Action Alerts PLUS .

Even though Caterpillar is stalled here, it is "preposterously cheap," Cramer said. Plus, it has significant international exposure and can also be considered an infrastructure play, which happens to be the third wild bull market, he said.

Wild, Wild Infrastructure

Perhaps the "wildest" of all the wild bull markets, the infrastructure space, has two stocks in particular that Cramer said he likes. The two cheapest infrastructure plays, "even after their enormous runs," are Foster Wheeler ( FWLT) and McDermott ( MDR), he said.

Cramer, who called both stocks before their big runs, believes that they still have room to go higher. These two stocks, he said, are cheap because of the fact that they have minimal analyst coverage.

The fourth wild bull market, Cramer continued, is in aerospace. The best stock to play this market is Boeing ( BA), which is up only 10% for the year. "It is a laggard, which should be leading," he said.

The growth, Cramer believes, should remain at Boeing because of "robust" activity in the space, its international exposure and the fact that airbus has been a stinker, he said.

The next wild bull market is in oil and gas. Although it's difficult to find stocks that haven't tapped out, he thinks Halliburton ( HAL), a stock he owns for his charitable trust, is the one that should still be bought here.

For oil, Cramer said he likes Royal Dutch Shell ( RDSA). In addition, he named Exxon Mobil ( XOM) as the runner-up here and said that despite the stock's big run, it's been the "go-to" name for big institutions.

"Whatever the big money wants, we have to pay attention to," Cramer said. However, he said he prefers Royal Dutch to Exxon, because the former has a better yield.

The final bull market is in minerals, he said. The mineral space is a bull market for copper, nickel, lead and basically "for anything the Chinese use." Freeport-McMoRan ( FCX) has two minerals for the price of one, and Cramer said he's been buying it for his charitable trust.

The Chinese need more copper, and gold is a good hedge against inflation, he said. He named Lundin Mining ( LMC) as a runner-up in the mineral sector, but he said he would only buy it when its Tenke mining deal closes at the end of June.

Mad Mail

In his "Mad Mail" segment, Cramer advised viewers to trade out all but a quarter of their positions in Apple ( AAPL) leading up to the date when its iPhone product is launched.

"I do believe the stock will get its head handed to it the day that the stuff gets out," he said.

Responding to another mailer, Cramer agreed that there is not much M&A activity going on in the oil patch and said he believes this is a mistake.

" GlobalSantaFe ( GSF) should be acquired by somebody because it has so much business to do," he said.

Moreover, once the private equity firms realize the sustainability of the earnings in the sector, they should come in, Cramer said. However, he doesn't expect this will happen until the fall.

Lightning Round

Cramer was bullish on Anadarko Petroleum ( APC), XTO Energy ( XTO), URS ( URS), Level 3 Communications ( LVLT), Olin ( OLN), Carmike Cinemas ( CKEC), General Maritime ( GMR), Edison International ( EIX), Consolidated Edison ( ED), Dominion ( D), Cisco ( CSCO), Toyota Motor ( TM) and Vodafone ( VOD).

Cramer was bearish on Stratasys ( SSYS), Ultra Clean Holdings ( UCTT), DivX ( DIVX), American Eagle Outfitters ( AEO), Cinemark ( CNK), Regal Entertainment ( RGC) and Nippon Telegraph & Telephone ( NTT).

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


Pop Quiz! Are you a loyal "Mad Money" viewer? Take TheStreet.com's new "Mad Money" culture quiz to see how much of the show you've caught this week or just to immerse yourself in Cramer's nonfinancial madness.

Want more Cramer? Check out Jim's rules and commandments for investing from his popular book by clicking here.
At the time of publication, Cramer was long XTO Energy, Halliburton, Freeport McMoRan, Toyota Motor and Caterpiller.

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.