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NEW YORK ( TheStreet) -- "The most painful buys sometimes are the most profitable," Jim Cramer told the viewers of his "Mad Money" TV show Monday, as he explored a handful of high-growth stocks that seem to be headed forever higher.

"The sky's the limit," when it comes to stocks like Apple ( AAPL), a stock which Cramer owns for his charitable trust, Action Alerts PLUS , along with Chipotle Mexican Grill ( CMG), Netflix ( NFLX) and ARM Holdings ( ARMH), Cramer told viewers. He said these stocks' valuations go beyond traditional price-to-earnings multiples and venture into the realm of stock market religion.

Cramer said investors need to think of these stocks not as individual companies, but rather as a new "high growth" asset class that's attracting new money entering the stock market at an incredible rate. He said money managers crave growth, and as long as these stocks have it, their shares will be rewarded as more and more money gets pumped into them.

Money managers don't consider Chipotle's multiple, said Cramer, they only see a company that could becoming the next McDonald's ( MCD) trading at just one tenth the size of McDonald's.

When looking at Netflix, Cramer said money managers compare it to coming social media IPOs and determine that Netflix has to be worth at least twice those companies' valuations. Then there's ARM Holdings, a company whose processor is in just about every mobile device out there.

Cramer said investors need to forget about the news of the day for these stocks. He said shares of Apple can trade up $5 on just rumors. Instead, Cramer said investors need to understand that in the religion that is the stock market, growth stocks are idols that get worshipped by new money.

Going Strong

In the "Executive Decision" segment, Cramer spoke with Kelly King, chairman and CEO of BB&T ( BBT), a bank with Cramer called a strong regional player that's repaying its TARP loans while still paying the fourth largest bank dividend in the S&P 500.

King said BB&T has had banners hanging in their branches that read "Still strong, still lending," all throughout the recession, and the bank continued to make loans throughout that time. He said December was a great month for new loan activity, and he looks for that trend to continue.

King also said BB&T is hiring revenue producers in its wealth management, capital markets, corporate banking and mortgage departments. He said that now is the time to invest in the future of America, and that's what BB&T has been doing. The bank is also looking to expand its territory, which it recently did through its acquisition of Colonial Bank.

Looking towards the future, King said BB&T's priorities will be making sense of the new financial reforms passed by Congress followed by creating jobs. King said no matter what shortcomings the U.S. economy may have, there's nothing better than creating jobs to help fix them.

Cramer said he remains a believer in King and in BB&T. He reiterated his buy recommendation.

Cloud-Based Services Spark Growth

In a second "Executive Decision" segment, Cramer sat down with Jeff Lunsford, chairman and CEO of Limelight Networks ( LLNW), a company that delivered a one-cent-a share earnings beat when it last reported and a stock that's up 17% since Cramer first recommended it on Sept 29.

Lunsford explained that Limelight is more than just content delivery services, which now accounts for two-thirds of the company's business. He said that cloud-based services, such as video, ad delivery and cloud storage, makes up 36% of Limelight's revenues.

Lunsford said that while core services grew by 21% year over year, cloud services, which allow customers to plug into Limelight's 70 data centers around the globe, is the company's high-growth, high-margin side of the business, and it also involves far fewer capital expenditures to make it work.

Limelight is hiring, Lunsford also noted, as the company continues to take share from competitors. He said Limelight needs sales people to handle incoming sales inquiries and teams to manage large strategic partners like Hulu and Netflix.

Cramer continued his recommendation of Limelight, saying that rival Akamai's ( AKAM) recent weakness has made Limelight all the more attractive.

Mad Mail

Cramer told a viewer that Hudson City Bancorp ( HCBK) has been on the move as interest rates have fallen, and the stock is too cheap to sell.

Cramer told another viewer that in the healthcare group he's not a fan of owning Eli Lily ( LLY) and really doesn't care for Medtronic ( MDT). Cramer said he'd choose Allergan ( AGN) over Medicis ( MRX) and would choose WellPoint ( WLP), an Action Alerts PLUS name, over United Healthcare ( UNH).

Finally, when asked whether Hain Celestial Group ( HAIN) could be a takeover target, Cramer said it could be, but the company is also doing great on its own.

Lightning Round

In a special Valentine's Day edition of the "Lightning Round" dedicated to Federal Reserve chairman Ben Bernanke, Cramer was bullish on: Hershey Foods ( HSY), Alcatel Lucent ( ALU) and Plains All American Pipeline ( PAA).

He was bearish on Cognex ( CGNX).

Closing Comments

In his "No Huddle Offense" segment, Cramer wondered what does Whole Foods ( WFMI), Panera Bread ( PNRA), Hain Celestial and Chipotle Mexican Grill all have in common. He said they all focus on healthy food, and their stocks defy gravity.

Cramer said consumers have gotten wise to benefits of healthy eating, which is why Chipotle's "Food With Integrity" program makes so much sense. At a time when Taco Bell, owned by Yum! Brands ( YUM), is coming under fire for only having 88% beef in their beef products, Cramer said restaurants like Chipotle and Panera, along with supermarkets like Whole Foods and brands like Hain, make all the more sense.

Wall Street may not be able to quantify the benefits of healthy eating, said Cramer, but those benefits are clearly visible.

--Written by Scott Rutt in Washington, D.C.

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For more of Cramer's insights during the Lightning Round, click here .
At the time of publication, Cramer was long Apple, Wellpoint.

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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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.