RealMoney Radio Recap: A Reason to Buy

ATP will go up when energy goes up or if it gets takeover bid, Cramer said, adding that it was gift to his listeners and that people should buy it.

Cramer on Demand

Every week, readers of TheStreet.com vote on the stock they most want Cramer to talk about. This week's stock is Merck (MRK Quote), he said.

Merck, which just lost a big verdict in the Vioxx case, is down, but Cramer said he believes it's a good buy.

"I believe it's going to be one of those stocks that is going to contest every one of these verdicts," he said.

Merck is trying to show that drug companies are not the bad guys and are here to save people, not hurt them, Cramer said adding that the company is also winning because it has a new CEO, Richard Clark.

"I'd be a buyer," Cramer said.

Readers of the World, Call in

General Motors (GM Quote) is back to where it was a couple of years ago -- when management wasn't clueless, Cramer told a caller during the question-and-answer session of his show Thursday.

Kirk Kerkorian has been working behind the scenes so that people will make money off General Motors, Cramer said. "This stock is not finished," he said. "It is doing everything right."

Respondering to another caller, Cramer said Garmin (GRMN Quote) is done going down and is probably the best-growing tech company he knows. Garmin is cheap and it is time to buy it, he said.

Another caller asked whether it would be wise to sell Whole Foods (WFMI Quote) into strength. Cramer said it would be wise to sell.

It's time for people who held on to it and did not panic to take some profits here and move on, he said.

Asked about Bristol-Myers (BMY Quote), Cramer said he doesn't believe it will have a dividend cut, adding that he believes the company will sell itself before that happens.

In addition, he said he believes a lot of good things can happen, and that is why he said he's holding on and buying it for his charitable trust, Action Alerts PLUS.

"I'm a seasoned pain taker and try to take a six- to 18-month view," he said. "And mine is positive for Bristol-Myers."

When a caller asked about E*Trade (ET Quote), Cramer said it and Ameritrade (AMTD Quote) are going to be big beneficiaries of this rally and beat their numbers.

"Of brokerage stocks you've got the best one in E*Trade," Cramer said..

He told another caller that St. Jude's (STJ Quote) is a stock that will go to $40.

The stock is doing well and "it's a big mistake to hate it," he said.

"Not only should you hold on to Schlumberger (SLB Quote), but you should buy it," Cramer told a listener.

Oil has come down but the U.S. has not found more oil nor has it started drilling more, so it's time to buy some oil drillers.

Here's your chance to pick the stock you'd like me to feature on my radio show Aug. 24: Applied Materials Arch Coal General Mills Las Vegas Sands Panera Bread Trump

REMEMBER to listen in on Thursday for my take on the stock that wins this poll!