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

In the wake of a disappointing earnings report from General Electric (GE Quote), investors should buy National Oilwell Varco (VON Quote), 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 Quote) 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 Quote) 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 Quote) 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 Quote), you can hide in Coke (KO Quote), you can hide in Pepsi (PEP Quote), but you cannot hide in tech."

Cramer was also bearish on Google (GOOG Quote). "I don't know, when you have Microsoft (MSFT Quote) and Yahoo! (YHOO Quote) and News Corp. (NWS Quote) 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 Quote) 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."