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Recap of Jim Cramer's radio show on Friday September 8.Click on a stock ticker for more analysis:

The Good, the Cheap and the Ugly: Vonage (NYSE:VG), MasterCard (NYSE:MA) and American Express (NYSE:AXP) - Although Cramer dislikes Vonage he does appreciate the favor it did for MA. When VG went public with one of the single worst IPOs Cramer says he has ever seen and declined 12% on the first day. VG's performance lowered expectations for MA which was at $40s instead of $50s and jumped on Friday to $61. Cramer says that MA is too expensive now and suggests trading it for AXP which is cheap.

Apple Blossom Time: Apple (NASDAQ:AAPL) - Cramer says that Apple is not finished going up and has an "absolute situation" where expectations are low and business is doing well.

Hitting Bottom: Ford (NYSE:F) - One way of telling whether or not a company has hit bottom, says Cramer, is when all of the elements of a decline are there but the stock doesn't budge. For instance, Ford had a huge shortfall but did not drop in price; "That says bottom," comments Cramer.

Border Run: Borders (BGP), Barnes & Noble (NYSE:BKS) and Amazon (NASDAQ:AMZN) - Although Borders is facing tough competition with BKS and AMZN Cramer believes that now is a good time to pick up the stock which seems to have bottomed since it did not decline after reporting a bad quarter. Credit Suisse analyst Gary Balter, whom Cramer called "a moneymaker," has made bullish statements about BGP and approves of its CEO George Jones.

Related: Catablast Media discusses BGP's decline and a possible merger with BKS.

Bullish calls:

Boeing (NYSE:BA): Cramer likes airlines and that fact that BA has fallen from $86 to $72, but he suggests waiting until it reaches $70 before buying.
UnitedHealth Group (NYSE:UNH): Cramer is bullish on UNH in spite of investigation over backdating and believes that the CEO will be vindicated.
Ecolab (NYSE:ECL): Since people use pesticides regardless of what the economy is doing ECL is a good choice, according to Cramer.

Neutral/Bearish calls:

Aetna (NYSE:AET):This is a worst-of-breed stock because it fails to meet its numbers, says Cramer.
Gemstar (GMST): Cramer calls this stock a "serial disappointer."
Chesapeake Energy (NYSE:CHK): CHK is not worth buying now, says Cramer, because oil is in a "free fall" and he is not sure exactly where these stocks are going to land.

More: Cramer's latest stock picks, including: Mad Money Recap, Lightening Round, Stop Trading and his Radio Show.

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Source: Jim Cramer's Real Money Radio Recap, Sept. 8