RealMoney Radio: Act on Ameritrade

Stock quotes in this article: WMT , BAC , BA , AHS , WAG , AMTD  

Ameritrade (AMTD Quote) may have been knocked down because of Bank of America's (BAC Quote) new free-trading plan, but Jim Cramer told a caller on his "RealMoney" radio show Monday that he believes Ameritrade is a buy.

Although Bank of America's plan offers free trading for people who put at least $25,000 in a single account, people get less interest on their money.

"I don't think this is the death of Ameritrade, but the stock's acting like it is," he said. "That tells me people should be buying the stock. It is too cheap."

Responding to his next caller, Cramer said that Boeing (BA Quote), which has "great" management, "is killing these clowns at Airbus."

"Boeing at $82 is going higher," he said.

Cramer advised another caller to add to her position in AMN Healthcare (AHS Quote).

The stock, which is a play on the fact that we don't have enough qualified nurses in this country, is at its 52- week high and is going higher, he said.

"You should be willing to pay $32 for this stock," Cramer told the caller. AMN Healthcare was recently trading at $25.80.

When a caller inquired about Walgreen (WAG Quote), Cramer said he is not concerned about the long-term problem concerning Wal-Mart (WMT Quote) getting aggressive on the pharmacy front.

"Rite Aid (RAD Quote) is also good speculative stock," he added.

Cramer told another caller that USG (USG Quote) is "very right."

"If you imitate Warren Buffett," whom Cramer called "the greatest investor of this time" and also owns USG, Cramer said "you are going to make a lot of money."

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.

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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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