Anadarko Petroleum ( APC): "The stock is going down but they're doing everything right. I'm not abandoning it."

Lockheed Martin ( LMT): "Everyone is worried about the fiscal cliff but I'm not worried. I've got a 4.5% yield and a lot of upside. Buy, buy, buy."

Banco Santander ( SAN): "I'm worried about them. Spain is a disaster. They're the best bank in Spain but they're in Spain so I can't recommend them."

Morgan Stanley: "There's nothing there for me. I like Wells Fargo and J.P. Morgan Chase ( JPM). "

Softness Seen

In his second "Executive Decision" segment, Cramer spoke with Moshe Gavrielov, president and CEO of Xilinx ( XLNX), makers of programmable logic chips. Shares of Xilinx are currently trading at just 11 times 2013 earnings with a 12% growth rate after backing out the company's $9.33 a share of cash.

Gavrielov was bullish on Xilinx' future prospects. He said while the company is seeing a "little softness" at the moment, the medium- to long-term trends support the growth he's forecast. Gavrielov said the purchasing cycles in technology are fairly short, so customers can afford to wait until the last minute, which is what they appear to be doing.

Gavrielov said the wireless industry is one that appears to be soft at the moment but will likely rebound in the fourth quarter. He said Xilinx' new 28-nanometer chips are the platform to drive growth over the next few quarters and the company is in a strong position to compete. After spending time and money in R&D, Gavrielov said the excitement is growing as those new, smaller chips begin selling.

Cramer agreed with Gavrielov's analysis and said he, too, is excited about the company's growth prospects, especially given its insanely cheap valuation.

No Huddle Offense

In his "No Huddle Offense" segment, Cramer said there are three drivers in today's markets, three things that can be bought into weakness.

First is autos. Cramer said auto builds remain strong, but they're being obscured by weakness in Europe. Second is housing. Cramer said he'd pounce on any of the homebuilders on any weakness.

Finally, there's aerospace, as evidenced by the strong earnings at Textron ( TXT) and the bullish comments from Honeywell's ( HON) CEO on Wednesday's "Mad Money."

Cramer said all of these trends are working and he's a buyer.

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

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At the time of publication, Cramer's Action Alerts PLUS had a position in ABT, CVS, JPM and KFT.

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