Cramer said Chipotle is back and he's a believer.

Lightning Round

In the Lightning Round, Cramer was bullish on Axiall ( AXLL), Checkpoint Systems ( CKP), Athenahealth ( ATHN) and Amphenol Corp ( APH).

Cramer was bearish on Mako Surgical ( MAKO).

Doing Your Homework

In his "Homework" segment, Cramre followed up on a few stocks that stumped him during earlier shows. He said that Canadian Solar ( CSIQ), with its 300% move so far this year, is too risky and it's time to take profits and move on. He was more bullish on Xerox ( XRX), however, as that company is moving into higher-margin businesses.

Cramer also opined on Boston Private ( BPFH) by saying that this is not his favorite bank and he much prefers Wells Fargo ( WFC), an Action Alerts PLUS holding.

When asked about Nokia ( NOK), Cramer said he'd consider owning the stock for another 20% move higher as the stock did nothing when it reported a weak quarter recently. He was bearish on Tesoro ( TSO), saying that he's not a fan of all the refiners.

No Huddle Offense

In his "No Huddle Offense" segment, Cramer offered a memo to Michael Dell and Carl Icahn, telling both of them that Dell ( DELL) is worth, at best, $9 a share, the level at which the bidding war began.

Cramer said it's no secret that PCs, Dell's bread and butter, are in decline and there are no new chips to fuel a major upgrade cycle. Meanwhile, Apple continues to dominate the high end, while companies like Lenovo chip away at the low end. And let's not forget the resurgent Hewlett-Packard ( HPQ), which can afford to give away PCs to reassert itself in the marketplace.

For all these reasons, Cramer said Dell is just not worth its current $13 a share valuation.

To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.

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

To email Scott about this article, click here: Scott Rutt

Follow Scott on Twitter @ScottRutt or get updates on Facebook, ScottRuttDC
At the time of publication, Cramer's Action Alerts PLUS had positions in AAPL, DD, F, FB, SWK, WFC and WY.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for, Inc., and CNBC, and a director and co-founder of All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of 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, 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 is related to the specific opinions expressed by him on "Mad Money."

None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, or CNBC that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the program. Mr. Cramer's past results are not necessarily indicative of future performance. Neither Mr. Cramer, nor, nor CNBC guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the program. The strategy or investments discussed may fluctuate in price or value and you may get back less than you invested. Before acting on any information contained in the program, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

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 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, 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.

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