DuPont reported a "thing of beauty" quarter of April 21, delivering a 16-cent-a-share earnings beat on an 18% surge in revenue. Cramer said costs were down, margins were up and DuPont even boosted its dividend. Forget the old-line smokestack stocks, said Cramer, what investors really need is an old company with a new vision and profitable growth for the future. They want DuPont.
For "Speculation Friday," Cramer spoke with Tom Ward, chairman and CEO of SandRidge Energy ( SD), a driller that's transforming itself from a natural gas to an oil company in order to take advantage of rising prices. Shares of SandRidge are up 40% since Cramer first recommended it on March 19, 2010. Ward said that everything is in place to finish the company's transition to solely oil drilling and so far, everything is going according to plan. He said SandRidge is having great success drilling shallow, high-return wells while keeping their costs constant by using conventional drilling rigs rather than the high-demand horizontal rigs that are rising in price every month. Ward said SandRidge plans to double its rig count from 12 to 24 this year and has several options to self-fund its expansion on the one million acres it currently controls. Cramer said SandRidge is another great way to play the boom in the oil market, especially now that the speculators are getting flushed out of the market.
No Huddle Offense
In his "No Huddle Offense" segment, Cramer said when it comes to precious metals, he's sticking with gold. He said gold is a currency, not a commodity, and its price is simple economics 101. Demand for gold is soaring while production is staying the same, that means prices are going up. Gold is a "must own" for every portfolio, said Cramer. While much of the talk on Wall Street is all about the fall in silver prices, Cramer said he's keeping his eye on gold.
In the Lightning Round, Cramer was bullish on Manitowoc ( MTW), Barrick Gold ( ABX), Goldcorp ( GG) and Toyota Motor ( TM). Cramer was bearish on World Fuel Services ( INT). -- Written by Scott Rutt in Washington, D.C. To contact the writer of this article, click here: Scott Rutt. To follow the writer on Twitter, go to http://twitter.com/scottrutt. To submit a news tip, send an email to: firstname.lastname@example.org. To watch replays of Cramer's video segments, visit the Mad Money page on CNBC. 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 .