Cramer likes Southwest Airlines over Delta and isn't getting involved with Copa Holdings or Emerge Energy Services.
The markets can continue to rebound but only if a few other things go right, Cramer says.
Yahoo! remains the best way to play this week's Alibaba IPO while JDS Uniphase is the latest company to split itself and make money for shareholders.
Cramer likes Alkermes, says hold on to Zynga but wants you to avoid SolarWinds.
The market is getting weird and the fast-growing, high-multiple stocks are getting clobbered, Cramer says.
Visteon will be even better if it splits in two and Ulta Salon should be bought now ahead of its analyst day next month.
Cramer likes Union Pacific over CSX and Apple over Sony.
Between the Federal Reserve meeting and the Alibaba IPO there could be a lot of money moving out of stocks, Cramer says.
Arcadia Pharmaceuticals and Isis Pharmaceuticals are the next big biotech takeover targets, Cramer says.
Cramer is avoiding Smith & Wesson, still loves Starbucks and wonders why all the chatter over Rackspace.