Cramer's 'Mad Money' Recap: Reasons to Worry

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But things are looking up for Deckers. The company posted stronger sales and is seeing its materials prices begin to decline. Deckers caught an important upgrade Monday, which sent shares up a quick 10%.

What do the analysts see in Deckers? In a word, takeover. Cramer said VF Corp (VFC) has a terrific acquisition in Timberland footwear, leading may to think Deckers could be an attractive target. Until now, the fundamentals at Deckers had been horrible, keeping suitors away. But with things looking up, the tide may be turning, according to Cramer.

With the fiscal cliff looming, Cramer said that he'd only start half a position now, and buy more on weakness or after the fiscal cliff is solved.

No Huddle Offense

In his "No Huddle Offense" segment, Cramer said he changed his mind on a recent Goldman Sachs (GS) upgrade of Dell (DELL) from a sell directly to a buy.

Cramer said he initially dismissed the upgrade, but after reading the research he's now more swayed to agree.

He said the upgrade is not outlandish, calling for the $9 stock to rise to a mere $13 a share. With everyone having written off Dell, Goldman now has a contrarian view, said Cramer. Most important, the research suggests a leveraged buyout of the company is now "difficult to completely dismiss" given its low share price.

While still a believer in the post-PC era, including tablets and cloud computing, Cramer said those willing to speculate on something happening at Dell should now feel free to do so.

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

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