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Whether or not the Fed cuts rates on Tuesday, oil and oil service companies should continue to work, Jim Cramer told viewers of his "Mad Money" show Monday.

While stocks in the oil service group have mostly gone up, Cramer provided investors with the "ultimate laggard that is ready to roll" -- Grant Prideco ( GRP).

Although its business of selling drill pipes is "phenomenal," Grant Prideco, said Cramer, has been lagging in the group and deserves to go higher now. For anyone who doesn't know much about oil service companies, he pointed out www.schlumberger.com as having the best glossary in the oil service market and urged people to check it out.

Grant Prideco's CEO has been underpromising and overdelivering, Cramer said. At $55 a share, Cramer believes GRP is "a total steal." He compared it to National Oilwell Varco ( NOV), but said that while NOV is more of a national machinery company, GRP is more of a consumables company.

Cramer called GRP "the Gillette of oil service," as it manufacturers products that are thrown away.

Israeli Satellite Play

RRSat Global Communications Network ( RRST) is a stock that is totally impervious to Chairman Ben Bernanke and the Federal Reserve, Cramer said.

RRST, an Israeli satellite company that provides uplinks for 295 TV shows and 80 radio stations worldwide, could make people some serious money, he said. But first a caution: RRST is a company with a $300 million market capitalization, Cramer warned. It is a small company that is more thinly traded than most of the other stocks he recommends, he said.

He cautioned viewers not to buy the stock right away. "If you buy it now, you'll be sadly disappointed because you'll pay more than you should," Cramer said. Instead, he advised people to buy it next week and to use limit orders when doing so.

RRST, a global content distributor, has the unique ability to transmit content in a single satellite hop, which keeps its costs down, Cramer said. It is because of these low costs that he believes RRST has the ability to maintain its market share and gain more share.

Right now, RRST controls 2% of its market, Cramer said. It's been under the radar since it came public last November, and currently has four analysts covering it, he said. RRST has 40% growth and is a great play on the growth of satellite TV.

That said, it is speculative and shouldn't be bought right away, Cramer stressed.

On a separate note, he recommended market players take some Adobe Systems ( ADBE) off the table, as the stock has had a considerable run recently.

He suggested waiting until after the Fed meets to consider buying GRP, but said if people can get it below $55, they should buy it.

The Sporting Cramer

Cramer said he is used to people in the business media criticizing him and usually takes it in stride, but last week he was surprised to see that the journalists who dislike him have transcended business news and gone into sports news.

In an article published in the Seattle Post-Intelligencer, columnist Art Thiel compared Cramer to Seattle Seahawks' General Manager Tim Ruskell and former Defense Secretary Donald Rumsfeld.

Cramer said the journalist accues him of being arrogant and predicting the future.

"I have convictions when I make a recommendation," Cramer said. "How can I not?"

However, he said his conviction is tempered by discipline because he knows that sometimes he will be wrong. "Discipline trumps conviction," Cramer said.

That is why he advocates against buying and selling all at once and stresses the need for diversification. Following these rules, Cramer said, protects investors from getting hurt if there is a sudden turn in the market

'Mad Mail'

In his "Mad Mail" segment, Cramer told a viewer that because he considers Nvidia's ( NVDA) fundamentals to be very strong, he would use any weakness in it as a buying opportunity.

He told another mailer that he likes Caterpillar ( CAT) and owns it for his charitable trust, Action Alerts PLUS .

But at the same time, he said people think it's a housing play, and no matter how hard he tries, he hasn't been able to change that misperception.

Lightning Round

Cramer was bullish on CME Group ( CME), EMC ( EMC), Parker-Hannifin ( PH), Union Pacific ( UNP), Burlington Northern Santa Fe ( BNI), Texas Instruments ( TXN), Nokia ( NOK), Freeport-McMoRan ( FCX), Goodyear Tire ( GT) and Rosetta Resources ( ROSE).

Cramer was bearish on Delta Air Lines ( DAL), Alpha Natural Resources ( ANR) and Peru Copper ( CUP).

'Sudden Death'

During the "Sudden Death" round, Cramer was bullish on Crocs ( CROX) and Sirius Satellite Radio ( SIRI).

He was bearish on Time Warner ( TWX), Comcast ( CMCSA) and Charter Communications ( CHTR).

Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by clicking here.

For more of Cramer's insights during the Lightning Round, click here .
At the time of publication, Cramer was long EMC, Caterpillar, Freeport McMoRan and Union Pacific.

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."

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