RealMoney Radio: Ciena Siesta

Ciena (CIEN Quote) "is a loser and is getting killed by Cisco (CSCO Quote)," Jim Cramer told a caller on his "RealMoney" radio show Wednesday.

He recommended getting rid of it.

Cramer told his next caller that even after all that is happening with Hewlett-Packard's (HPQ Quote) Patricia Dunn concerning a leak probe, "it means nothing."

"All it did was slow down the stock on its way to going to $40, which is where it is going," he said. The stock was recently trading at $36.31.

Cramer called Hewlett-Packard "a terrific situation" and Dunn's investigation a "side show." He told the caller to focus on the company's earnings.

Although Longs Drug Stores (LDG Quote) doesn't get much sponsorship, Cramer said it is "a terrific situation."

He said he would be a buyer of it as he likes drugstore stocks.

When a listener inquired about Sealy (ZZ Quote), Cramer said he was surprised at Goldman Sachs' recent downgrade on the stock.

With Fortune Brands (FO Quote) and Black & Decker (BDK Quote) running, he believes "the downgrade is going to be a mistake."

Responding to another caller, Cramer said he doesn't see anything good happening at Gap (GPS Quote).

On the other hand, he called General Motors (GM Quote) "an absolute buy" and predicted it will go to $40. It was recently at $33.33.

He told the caller if he was going to invest in companies like General Motors and Ford (F Quote), he should read the Detroit Free Press.

To see the most recent edition of The RealMoney Radio Recap in its entirety, please click here. This recap is published every day around 3 p.m. ET.