Click here for an archive of Jim Cramer's Mad Money recaps. Click here to get Jim Cramer's Mad Money Post Game video exclusively on TheStreet.com.


"A new product cycle has begun in tech, and it cannot be denied" an exuberant Jim Cramer told the viewers of his "Mad Money" TV show Wednesday.

He said there's a revolution as big as the Internet itself that investors need to get in.

Cramer said the move towards the wireless Internet via smartphones and other gadgets is now in full swing, as devices move from being luxuries to necessities. These devices now carry our entire lives, including contacts, cameras, email, Internet, media, GPS, entertainment and much more, he said.

Cramer Clearing House All things Cramer Mad Money Recap Trade With Cramer Free

According to Cramer, the move to a mobile Internet is a tide that will lift all boats, starting with the leaders, including Apple ( AAPL), Research In Motion ( RIMM) and Palm ( PALM). The market is not saturated, said Cramer, adding there is room for all of these players.

Cramer said he also sees the swell of wireless Internet to spread to the component makers, companies like Cramer favorite Qualcomm ( QCOM), a stock which Cramer owns for his charitable trust, Action Alerts PLUS, and the maker of components in smart phones and in Amazon.com's ( AMZN) Kindle e-book reader.

Cramer also sees strength coming in other parts makers, like Skyworks Solutions ( SWKS), Starent Networks ( STAR) and Sandisk ( SNDK), among many others.

Under $75 a share, Cramer said he would rebuild a position in Research In Motion, and would use weakness in any of these other names to rebuild positions there as well. "You cannot miss this move," said Cramer.

Digital TV Fears

Investors looking to cash in on the upcoming digital TV transition Friday should consider buying the worst of breed stock of Radio Shack ( RSH), Cramer told viewers.

According to Cramer, there's a panic coming this weekend for the one in 10 Americans who haven't yet converted to digital TV. He said this panic will give a short term windfall to Radio Shack for people looking for quick help to electronic problems.

Cramer said the estimates of Wall Street analysts are too low for Radio Shack and don't account for this coming surge. He predicts these analysts will raise their numbers for the company by Tuesday, giving the stock a quick boost higher.

Cramer said this trade only works under $15 a share, and advised viewers to use limit orders when purchasing. Further, he said if the bump in the estimates for the quarter don't occur by Tuesday, investors need to cut and run, as there is no long term case for owning the worst of breed Radio Shack.

Wall of Shame

After carefully weighing viewer nominations for his "Wall Of Shame" list of the worst CEOs, Cramer decided against adding the CEOs of Chesapeake Energy ( CHK) and Kraft ( KFT) and instead chose Lewis Campbell, CEO of Textron ( TXT) as the next addition to the Wall of Shame.

Since taking over the company in July 1998, Campbell has overseen the shares of Textron fall 69%, from $36 to just $11 a share. The company's financing division continues to cripple the company, said Cramer, causing it to recently issue both additional stock, and debt, after buying back over 15 million shares of its own stock last year at substantially higher prices.

Am I Diversified?

Cramer spoke with callers about their portfolios to see if they have what it takes. The first caller's portfolio included Advanced Micro Devices ( AMD), Citigroup ( C), Disney ( DIS), Ruby Tuesday's ( RT) and Smith & Wesson ( SWHC). Cramer blessed this portfolio as diversified.

The second caller's top holdings included Windstream ( WIN), Nordic American Royalty Trust ( NRT), Nordic American Tanker ( NAT), Prospect Capital ( PSEC) and Anworth Mortgage ( ANH).

Cramer said this portfolio was too tilted to financials and recommended making a few changes.

Lightning Round

Cramer was bullish on Tupperware ( TUP - Get Report), FirstMerit ( FMER), Myriad Genetics ( MYGN - Get Report), Dominion Resources ( D - Get Report), Exelon ( EXC - Get Report), Electronic Arts ( ERTS), Global Industries ( GLBL), Schlumberger ( SLB - Get Report) and Transocean ( RIG - Get Report).

He was bearish on Westar Energy ( WR).

Check out the latest edition of "Cramer's Take onHeadline Stocks" on Stockpickr.

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

Read more of Cramer's Mad Money Lightning Round insights.

For "Mad Money" performance statistics and other links, check out Mad Money stats

At the time of publication, Cramer was long Qualcomm.

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.