Jim Cramer's Stop Trading! Buy Viacom

Stock quotes in this article: VIA , VIAB , GSF  

Viacom (VIAB Quote) is "money in the bank," Jim Cramer said Friday on CNBC's Stop Trading! segment.

Cramer said Viacom reported a good quarter this week that was overshadowed by the hand-wringing over liquidity and subprime lending and the yen carry trade. But better yet, Cramer added, CEO Philippe Dauman admitted on the conference call that the first quarter is looking even better than the fourth quarter was -- a slip-up that Cramer said justifies buying the stock up 71 cents Friday at $39.28.

Cramer also likes Global Santa Fe (GSF Quote). He said CEO Jon Marshall was similarly nonplussed on a recent earnings call, after Wall Streeters ignored the offshore drilling company's strong fundamentals for the umpteenth time.

Cramer said Marshall's message was "I've had enough -- we're making the most money we've ever made and we're still being ignored." Cramer said the stock should rise from a recent $57.

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At the time of publication, Cramer had no positions in stocks mentioned.

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. Watch Cramer on "Mad Money" weeknights on CNBC. Click here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click here to order his 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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