RealMoney Radio Recap: Google's Right Hook

It's time to start picking at these, he said, because the "drug stock negativity is way over done."

Cramer's Callers

New York Stock Exchange (NYX Quote) is a good blue-chip stock to buy, Cramer told a caller.

NYSE, like Sears (SHLD Quote), which Cramer owns for his charitable trust, Action Alerts PLUS, and MasterCard (MA Quote), is the type of stock people can buy and put away because it has a long-term story, he said.

Responding to his next caller, Cramer said that although Boston Scientific (BSX Quote) is down a "gigantic amount," he believes that the stent business is a "good business" because a lot of people don't want to take pills.

Down 39% in the last year, Cramer said Boston Scientific "is just too cheap," and he wants to own it. However, if people want to hedge their bets against the stent business, he suggested buying Johnson & Johnson instead.

As Anheuser-Busch (BUD Quote) has started to lift its price, Cramer told another caller he no longer has a problem with this stock.

When a caller asked why Gateway (GTW Quote) sells so low when compared with Dell (DELL Quote) and Apple, Cramer said it's "because Gateway has not made any money in many, many years."

People have given up on this stock, said Cramer, who told the caller he'd much rather see market players in Apple even though it's up, because "it represents better value."

Cramer told his next caller that he considers Banco Itau (ITU Quote) the "best run bank in Brazil."

And when a listener inquired about Harris (HRS Quote), he said the bottom should come to this stock shortly. Cramer called Harris a "dynamic communications company" and said that its fundamentals are good.

"I think it's a good situation, and I like the stock very much," he said.