Wendy’s (WEN: 4.50 +3.21%) 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: 12.38 -1.28%) 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: 46.91 -2.45%) 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: 39.83 -0.50%) after its recent monster move. 

Other Cramer stock picks: 

Yahoo (YHOO: 13.65 -0.73%) 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: 41.40 +0.32%) dropped 0.1% and Paccar (PCAR: 44.33 -0.92%) 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.”

Cramer stated yesterday that concerns over Obama’s healthcare reform were overdone. The uncertainty surrounding these reforms has likely had a more negative impact than the actual reforms will. Cramer even stated that it is likely that the reforms won’t be as bad as expected. Cramer’s recommended Wellpoint as a play on the recovery in healthcare stocks. The bullish recommendation caused WLP to gain 5.4% on above average trading volume. 

While he doesn’t like the fact that Wellpoint bought back stock at relatively high prices, Cramer thinks the right multiple for the stock is 10 or 11 rather than the current 8, which means this $47 stock should be trading in the $60s. Cramer likes Wellpoint, in particular because of its profitable sale of Express Scripts for $4.6 billion. If Obama’s healthcare reforms fail, the stock could fetch as much as $100. 

Bank of America also experienced a nice lift after Cramer again recommended the stock as a play on the housing market bottoming. BAC gained 4.9% today. 

Celgene and Genzyme (GENZ: 70.63 +0.23%) also benefited from the Cramer effect, gaining 2.8% and 0.7% respectively. This was after Cramer noted the move from commodities to defensive stocks. He recommended playing this trend by investing in high-growth biotech names such as Celgene and Genzyme. He also thinks these companies will be less vulnerable to Obama’s reforms than other names in the sector. 

The “Cramer Effect” was also in play for Cramer’s bearish stock picks. Wendy’s (WEN: 4.50 +3.21%) and Lowes (LOW: 21.57 +0.14%) both dropped over 3% after negative comment’s on the Mad Money show.