In the Lightning Round, Cramer was bullish on Opko Health ( OPK) and Groupon ( GRPN). Cramer was bearish on Omeros ( OMER) and Molycorp ( MCP).
No Huddle Offense
In his "No Huddle Offense" segment, Cramer celebrated one of America's favorite stocks, Johnson & Johnson ( JNJ), a stock Cramer owns for his charitable trust, Action Alerts PLUS . Cramer said that after years of being poorly managed, J&J has turned itself around under its new leadership and is really three great companies all merged into one. J&J includes a terrific consumer products company, a medical device company and a pharmaceutical company with a biotech kicker. J&J gives investors a world-class balance sheet, a hoard of cash, brand names galore and a great CEO, all working to reward shareholders. Cramer said that Johnson & Johnson is a real gift to the markets.
Off the Tape
In his "Off The Tape" segment, Cramer sat down with Lou D'Ambrosio, chairman of the privately held Sensus, a leading provider of "smart grid" technologies that allow two-way communication between customers and their utilities in an effort to provide better service and conserve energy. D'Ambrosio said very little government money is currently flowing towards smart grid initiatives, but that's OK because there's plenty of justification for smart technologies. He said utilities that have smart grids can save more and grow revenue, all while providing great benefits to society. D'Ambrosio continued that smart grids mean no more trucks need to be rolling in order to read meters. When a line is down, the system can make repairs all by itself. It just makes sense, D'Ambrosio said -- that's why a smart grid initiative in the U.K. expects to save $10 billion a year. When asked about his competitors, D'Ambrosio said that only Sensus has the combination of utility expertise and technology, which is why it's a leader in its field. To watch replays of Cramer's video segments, visit the Mad Money page on CNBC. To sign up for Jim Cramer's free Booyah! newsletter with all of his latest articles and videos please click here.-- 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