RealMoney Radio: Getting It Together -- or Not

A caller to Jim Cramer's "RealMoney" radio show on Tuesday asked about Bank of America(BAC Quote).

Cramer told the caller not to be too worried about the big macroeconomic numbers coming out, specifically the upcoming consumer price index report, adding that Bank of America and Citigroup(C Quote) are poised to break out.

Bank of America just had a big buyback and offers a 4% dividend, Cramer said, adding that he would buy half of a position now and then buy the other half after the CPI number is reported.

If the inflation measure is strong and the stock goes down, then there is an opportunity to buy the second half of one's position on weakness.

He told another caller that Electronic Arts(ERTS Quote), along with JDSU(JDSU Quote) and Bookham(BKHM Quote), reported good quarters but made disappointing pronouncements.

Electronic Arts said that it won't get its act together this year, while JDSU issued more stock in the form of convertible bonds, Cramer said. Bookham said that it had too much inventory.

Even though Electronic Arts is at its 52-week low, Cramer said that its slowing growth rate is making it an expensive stock.

Cramer said that he likes Cameco(CCJ Quote), which is pretty much the only source of uranium around. This means that he company can charge whatever it wants, Cramer said; and nuclear power is going to be used more widely.

A caller wanted to know if now is the time to buy ConocoPhillips(COP Quote), given the fact that Warren Buffett is buying the stock. He added that the company has exposure to Lukoil in Russia and to Venezuela.

Cramer said that he believes that the stock is a buy "right here, right now," and not just because of the Buffett factor. He said that ConocoPhillips is now the cheapest oil company, selling at only six times earnings.