RealMoney Radio Recap: A Salute to General Motors

Ailing Ford (F Quote) might be a recipient of the good vibes over at General Motors (GM Quote).

After recently reporting a $5 billion loss, Ford is up on people's belief that it has a better future ahead, Jim Cramer told listeners on his "RealMoney" radio show Wednesday.

Today, General Motors reported a solid quarter. "GM is remarkable," Cramer said. "It turns out its costs were so high that it has been able to wipe out a third of the work force and still manufacture just as many cars."

Although GM shouldn't have let board member Jerry York go, Cramer said he still believes in the company.

Those who took some GM shares off the table should consider buying them back because this stock is not done going up, he said.

In addition, Ford is still a buy because "they are just beginning to cut the fat there," Cramer said.

Moving on to the retail sector, the shopping experience at Wal-Mart (WMT Quote) is not very good, he said, and Home Depot (HD Quote) is also joining the "clueless retail club."

Home Depot has added aisle numbers, whereas before, the employees used to walk customers to the aisle, Cramer said. Plus, it's starting to sell coffee.

"This is not what I expect or want," he said.

The management at these companies should go outside of the organization and hire real merchants, "people who know and see what's working," Cramer said.