Jim Cramer's Stop Trading! Buy National Oilwell

02/06/07 - 02:55 PM EST

TheStreet.com Staff

Buy National Oilwell Varco (NOV Quote - Cramer on NOV - Stock Picks) "right here, right now," Jim Cramer said Tuesday on CNBC's "Stop Trading!" segment.

Cramer said the oil-rig builder "has a sanctioned monopoly" and is printing money "like the U.S. Mint." He expects the stock, up $4 Tuesday to $64 and change, to hit $70 "in a heartbeat."

Cramer also likes FedEx (FDX Quote - Cramer on FDX - Stock Picks), which he called a cheap stock that's "best in show." Cramer expects the company to benefit from another stumble by rival UPS (UPS Quote - Cramer on UPS - Stock Picks) and to surge 30% from a recent $114.

Last but certainly not least, Cramer reiterated his strong buy on Countrywide (CFC Quote - Cramer on CFC - Stock Picks), citing Tuesday's news of another bankruptcy in the subprime lending arena. Cramer said the shakeout in subprime means investors should buy the so-called best-of-breed player, Countrywide, which Cramer said will be taking market share.

At the time of publication, Cramer had no positions in stocks mentioned.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click here to order his book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here.

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