"Warren Buffett is addicted to buybacks and dividends. I want more than that. They have to make acquisitions," said Cramer, portfolio manager of TheStreet's Action Alerts PLUS and host of CNBC's "Mad Money."
Cramer suggested that IBM buy ClickSoftware Technologies (CKSW) and CyberArk (CYBR) . Cramer made the comments while answering viewers' questions from social media from the floor of the New York Stock Exchange Tuesday.
Cramer also discussed a number of health care and biotechnology stocks, saying that investors should buy Allergan (AGN) , Biogen (BIIB) and Gilead (GILD) . Cramer also said he prefers Allergan over Valeant (VRX) and said he's staying away from Amicus Therapeutics (FOLD) and almost all of the small biotech companies. He said small biotechs are under year-end selling pressure.
Cramer also gave his opinions on some financial related names, including E*Trade (ETFC) and Toronto-Dominion (TD) . Cramer said he likes TD more than E*Trade because its yield is better, but he prefers Wells Fargo (WFC) in the financial space.
One viewer asked for Cramer's thoughts on Church and Dwight (CHD) . He responded that it's one of the few consumer packaged goods companies that he really likes.
Cramer answers viewers' questions in a daily segment with TheStreetTV. Send your questions to him on his Facebook page, or on Twitter (TWTR) , @JimCramer, and send questions with the hashtag #CramerQ.