Jim Cramer's 'Stop Trading!': Own Owens

Buy Owens Corning(OC Quote), Jim Cramer said on CNBC's "Stop Trading!" segment on Wednesday.

Cramer said OC had a stellar quarter. "I love these guys!" he said. "I like the kind of story they are telling." He said Owens Corning "really blew it away."

Speaking on natural gas stocks, Cramer said that natural gas fell far more than oil and that "natural gas has actual demand at the $8 dollar level." He said that he bought some Cabot Oil & Gas (COG Quote).

Earlier in the day, host Erin Burnett had Donald Hodges, co-portfolio manager of The Hodges Fund, as a guest. Cramer said that Hodges' favorable call on Transocean(RIG Quote) was right on.

Moving on to retail, Cramer said that Jones Apparel(JNY Quote) has told an "extraordinary tale," and its CFO, John McClain, has done a "remarkable job of cash management." He wrapped up on Jones by saying, "I continue to believe JNY is too cheap."