With shares going from expensive to cheap at a new land-speed record, Cramer said he'd also buy half a position at current levels and complete that position after the company reports its next quarter. Shares of Bed Bath & Beyond are trading at 11.7 times earnings with a 13% growth rate.
Here's what Cramer had to say about callers' stocks during the "Lightning Round": Ariad Pharmaceuticals ( ARIA): "I still like the stock very much. The speculative stocks are paying off big. Sell half and let the rest run." Weight Watchers ( WTW): "I still don't like it. It's a dangerous stock and the company has lost its momentum." Telefonica Brasil ( VIV): "I have Verizon ( VZ) with a better yield. I want to stick close to home right now." Mosaic ( MOS): "Here's the problem. The ag trade has been going on for four days now and that's about how long they run. It's time to get out." Companhia Siderurgica Nacional ( SID): "No, no, no. They have not been able to deliver. I am not going there." ConocoPhillips ( COP): "I bless it. Oils yielding more than 3.5% are a buy and Conoco is now near 5%."
In the "Mad Mail" viewer feedback segment, Cramer followed up on Ironwood Pharmaceuticals ( IRWD), a stock that stumped him in an earlier show. He said this stock is playing "FDA roulette" and is dependent on key drug approvals. He recommended it only as the speculative part of a portfolio. Cramer said he saw dark clouds over Liquidity Services ( LQDT) and is not a fan. Likewise with Petroleo Brasilerio ( PBR), a stock Cramer said to sell, sell, sell. When asked whether MasterCard ( MA) is pulling ahead of rival Visa ( V), Cramer said that in reality the opposite is true and Visa is the better stock. Finally, when asked whether Apple might be buying chipmaker Micron ( MU), Cramer said "absolutely not" and advised selling Micron as all costs.
No Huddle Offense
In his "No Huddle Offense" segment, Cramer opined on the news that Barclay's PLC ( BCS) has been ordered to may $454 million in fines related to the illegal manipulating of key interest rates. Cramer called the fraud simple "lawlessness," adding that the "steep fines" leveled against the company only hurt its shareholders, while the real culprits -- the traders -- laugh all the way to the bank. He said that our country prosecutes all sorts of organized crime, but rarely those on Wall Street who are responsible for far greater damage. "Shame on the government," he concluded, for penalizing the shareholders while letting the criminals go free. --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.