Jim Cramer's 'Stop Trading!': Buy National Oilwell Varco

In the wake of a disappointing earnings report from General Electric GE, investors should buy National Oilwell Varco VON, Jim Cramer said on CNBC's "Stop Trading!" segment Friday.

"It's NOV down $2 that most intrigues," Cramer said. He also recommended playing alternative energy plays. "I also think the bet on wind is paying off," he said.

He said that lender CIT CIT is "definitely negative" on GE's earnings report.

Cramer disclosed that he owns GE stock but still wants to try to make money off the company's quarter.

On Intel INTC and the rest of the tech sector, Cramer said that "People are saying, 'Oh [tech stocks are] not going down a lot, so maybe I'll recommend them.' You cannot buy tech in the month of April expecting that you can handle the next two quarters," he said. "Tech is just wrong here."

Cramer called Intel "dead money." However, he did note that "AMD AMD is so bad that if I were a customer of AMD I would be calling Intel and saying I need a backup supplier."

Tech is largely a play on GDP growth, which is wrong for this environment, Cramer said. "You can't hide in tech. You can hide in Procter PG, you can hide in Coke KO, you can hide in Pepsi PEP, but you cannot hide in tech."

Cramer was also bearish on Google GOOG. "I don't know, when you have Microsoft MSFT and Yahoo! YHOO and News Corp. NWS and they've all decided they want to end the dominance of Google." He also decried Google's "hiring binge," saying, "That's just not a business model. ... AMR AMR not being able to fly is probably hurting their hiring binge," he said. "That's Google's strategy right now. That's not how you make money."