The “Cramer Effect” was also able to lift Charming Shoppes (CHRS: 5.34 0.00%) up 4.8% after Cramer suggested that the company could be a valuable takeover target. The plus-size clothing lines of Charming Shoppes are clearly in demand as America’s waistlines continue to expand. While the stock trades at a mere $3, it has $1.32 per share in cash. In addition, falling gas prices could help boost sales and even a slight improvement in same-store sales could have a big impact on earnings. Cramer considers CHRS a speculative stock and would use limit orders when buying. 

Cliffs Natural Resources (CLF: 76.63 0.00%) fell 3.2% after bearish comments by Mr. Cramer on yesterday’s show. Cramer called CLF “just a nasty stock” that despite the fact it is cheap is still going no where.