NEW YORK ( TheStreet) -- "Get over your aversion to tech stocks and start buying," Jim Cramer told viewers of his "Mad Money" TV show Monday. He said it's time now to invest in a once-in-a-lifetime product cycle in tech. Cramer said the endless skepticism surrounding tech stocks is moronic. He doesn't understand why investors aren't seeing the huge move towards mobile devices, like smart phones, that's clearly in bull market mode. He said despite countless strong earnings and fabulous fundamentals, investors are seemingly oblivious to just how good things are in the tech sector.
Plenty of Natural GasIn the "Executive Decision" segment, Cramer spoke with Chip Johnson, president and CEO of Carrizo Oil & Gas ( CRZO), a wildcat driller that was given a valuation of $34 a share by JP Morgan Chase, despite its $24 stock price. Johnson said he still sees a lot of upside in the natural gas stocks, especially those that are drilling and adding reserves at low prices, which are mainly oil shale companies like Carrizo. He said that Carrizo still makes money, even with the price of natural gas at lower levels, thanks to its low production costs. Johnson also confirmed that foreign oil conglomerates are increasingly taking notice of oil shale's potential, and are buying in or buying up companies with oil shale exposure. He said the oil shale in Pennsylvania is proving to be the biggest shale play in the entire U.S., adding it has the lowest break-even price given its proximity to customers in the Northeast. Like Cramer, Johnson was also surprised at President Obama's lack of support thus far for natural gas. He said this is the time for natural gas and the need to take advantage of it. With so much supply now available, Johnson said the risk of seeing a spike in natural gas prices is no longer a problem. Cramer said JP Morgan's price target said it all, Carrizo is worth at least $34 a share.
Stellar Hotel PickCramer went out on a limb to recommend Starwood Hotels ( HOT), a stock which he's never recommended before, but one that recently delivered one of the best earnings calls of the quarter. Cramer said Starwood not only delivered a next-to-flawless fourth quarter, beating estimates by 29 cents a share, but it also raised its guidance for 2010, citing a strong recovery in corporate and leisure travel. Starwood, which operates the Westin and Sheraton chains of hotels, among others, has been doing everything right, said Cramer. The company used the downturn to cut costs and close underperforming hotels, while renovating and opening new hotels at bargain basement prices. The company is now seeing occupancy rates increasing 2.1%. Starwood also noted an uptick in international travel, where the company derives 50% of its revenues. With a growing middle class in China and in other areas of the world, Starwood management said they see a secular trend in global travel, and expect to see increased growth. Cramer said Starwood is a buy given this fabulous quarter and bullish outlook.
Outrage of the DayCramer sounded off against the three departing board members of Citigroup ( C). "Where is the accountability?" he asked. Cramer said these board members saw the near destruction of the company, yet bear no accountability or punishment for literally falling asleep at the wheel. Cramer agreed with famed investor Warren Buffett, who noted that directors of companies have gone largely unpunished in our current financial crisis and should be penalized for taking for unnecessary risks during their employment. In the "Mad Mail" viewer feedback segment, Cramer told a viewer that he'd be a buyer of Seagate ( STX), which he recommended selling a few weeks ago on the advice of colleague Ken Shreve. Cramer said it's not too late to get into Seagate, and he thinks the stock is undervalued.
Lightning RoundCramer was bullish on Insituform Technologies ( INSU), Ford Motor ( F), Cisco Systems ( CSCO) and Banco Santander ( STD). He was bearish on Coca-Cola Enterprises ( CCE), Acme Packet ( APKT), Toyota Motor ( TM) and National Bank of Greece ( NBG). -- Written by Scott Rutt in Washington D.C. To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.