The first of Cramer's Texan picks was J.C. Penney (JCP), which he called "the best, most consistent retailer in the country." J.C. Penney recently admitted that it has to alter its product mix, and since then it has taken almost a 10% hit, Cramer went on to say. "It has been hammered," he said. "It's ridiculous."

Pick No. 2 was Transocean (RIG), which he owns for his charitable trust. "RIG's a driller, and it's my favorite," Cramer said. The company has very little exposure to the weak markets of the Gulf of Mexico and Canada drilling, he said. "RIG is the biggest in the game and among the cheapest."

Another name from the oil sector and also a part of Cramer's Texas-based stock list was XTO Energy (XTO). He called XTO a "great" company that not only knows how to get the most out of its reserves, but also has proven that it knows how to trade oil as well. "I would buy it aggressively," Cramer said.

The final and his favorite of the four was Temple-Inland (TIN), he said. This company has finally realized that it needs to break up its operations and is going for it, Cramer said. "I see 27 points of upside here."