Wendy’s (WEN: 5.04 +0.80%) stock soared 6.3% after Cramer said Wendy’s is “the next big fast-food stock to make its move to higher territory”. Cramer sees a big opportunity for Wendy’s to expand its breakfast menu which currently only accounts for 2% of their total orders. The company is also expanding internationally with new locations in Saudi Arabia and Singapore. Cramer believes that Wendy’s is a buy and investors appear to be jumping in. 

Dell (DELL: 18.05 +1.23%) fell 1.6% after Cramer hinted that he is bearish on the stock. The Mad Money host feels that Dell won’t have a very good quarter and that the stock price has probably stalled. “.I think you only have a couple of points left in Dell”, said Cramer. 

U.S. Steel (X: 30.94 -2.31%) was another bearish stock pick of Mr. Cramer. The materials stock fell 1.5% after Cramer said the stock looks too expensive relative to Nucor (NUE: 45.31 -0.04%) after its recent monster move. 

Other Cramer stock picks: 

Yahoo (YHOO: 15.78 -0.32%) fell 1.2% – “The problem is that Carol Bartz set the bar so high she can only disappoint. At a certain price it is good. I don’t know about the earnings…don’t buy. I was expecting more myself and was disappointed.”

Oracle [[ORCL] inched up 0.1% – “I would like to be a buyer right now”

Navistar (NAV: 46.66 +0.86%) dropped 0.1% and Paccar (PCAR: 43.79 -0.18%) fell 2.5% – “I think the world of Navistar. I also like PCAR. I think the trucking cycle will come back, but it is a 2010 story not a 2009 story.”

One stock that did benefit from the “Cramer Effect” today was W.R. Grace (GRA: 55.08 +0.47%). GRA jumped 4.3% today after Cramer profiled the speculative stock. The company continues to take market share, and despite challenging domestic sales, the business has a 48% international exposure. 

Other Cramer stock picks: 

Energy Conversion Devices (ENER: 1.15 +1.77%) dropped 2.4% – “Oil is going lower, and we don’t want to touch alternatives to oil right now.”

Lincoln National (LINC: 9.29 -0.85%) gained 1.8% – Cramer suggested that investors get positive on the stock.

Paccar (PCAR: 43.79 -0.18%) increased 1.2% – Cramer stated that the stock is on fire and is still cheap at its current price levels. “This business is doing much better than people realize.”

The other big beneficiary of the “Cramer Effect” today was Paccar (PCAR: 43.79 -0.18%). The stock jumped 4.0% after Cramer suggested that the stock was about to roar from $31 to $40. Cramer believes that the sector will improve and helikes Paccar in particular because of its high cash balances (over $2 billion) and the fact that the company has consistently raised its dividend. 

Meanwhile, homebuilders Lennar (LEN: 23.37 +2.68%) and KBH Homes (KBH: 10.92 +1.49%) posted strong gains today despite bearish comments by Jim Cramer as he advised investors to avoid the stocks. Lennar finished the day up 5.8%, while KBH gained 5.1%. Cramer expressed fears that the homebuilders will encounter stiff competition as the number of foreclosures rises across the country. 

MGM Mirage (MGM: 14.27 +2.22%) and Rambus (RMBS: 8.24 +9.14%) both experienced the negative side of the Cramer Effect today. MGM fell 1.9% after Cramer advised investors to “sell, sell, sell”. While Rambus dropped 1.6% when Cramer recommended selling Rambus in order to buy AMD. Incidentally, AMD gained 2.8% on the buy recommendation.