RealMoney Radio Recap: Best Buy Bonanza

At $73, down from $86, he believes "people should be buying Apple right here, right now."

Trusting Time Warner

Time Warner (TWX - commentary - Cramer's Take) and New York Times (NYT - commentary - Cramer's Take) are both media starting to make some positive changes, Cramer said.

Time Warner is selling off 18 of its "not-so-successful magazines," while the Times is planning on selling off its TV stations, in an effort to "re-energize its core newspaper business as well as its digital content," Cramer said.

As both of these large companies realize "they need to tend to their core product in order to survive," maybe it's time to start buying Time Warner and stop shorting the New York Times, he said.

Since oil stocks have been falling people think that it must be a good time to buy them, Cramer said. While Cramer believes in the principle of selling strength and buying weakness, he said people must understand that the "momentum has turned against oil."

It is going from $65 to $60, he predicted, while adding that if it goes up, people should think of it as an opportunity to lighten up on oil stocks.

There are three changes which "have tipped the balance to lower oil prices," Cramer said. First, "a barrier of sorts was reached on gasoline prices," where, at $3-plus, gasoline wasn't selling as much as it does at a lower price, he said.

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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. Listen to Cramer's RealMoney Radio show on your computer; just click here. Watch Cramer on "Mad Money" at 6 p.m. ET weeknights on CNBC. Click here to order Cramer's latest 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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