Cramer's 'Stop Trading!': Secret iPhone Play

"The restaurant group has been very soggy because gas prices are high," said Jim Cramer on Tuesday's "Stop Trading!" segment on CNBC.

On Friday, he recommended CKE Restaurants(CKR Quote), which operates Carl's Jr. and other chains and which Cramer said is "gigantically behind the rest of the group."

"I think this is also a call on gasoline peaking," he said. "I think gasoline comes down."

Cramer's secret play on the iPhone was Skyworks(SWKS Quote), which he said makes the chips that go inside the smart phones. "I'm always surprised when the iPhone sales are up that people don't reach for Skyworks," he said.

Another tech pick was Qualcomm(QCOM Quote), which Cramer owns for his Action Alerts PLUS charitable trust. "It is so rare these days that you hear estimates are too low," he said. "It has been totally trapped at this one price, and perhaps it's breaking out."

Fortress Investment's(FIG Quote) secondary offering is "kind of secondary that makes Wall Street look bad," said Cramer. "I really think that the bankers sided with Fortress against the shareholders that bought it."

He said he doesn't like Regents Financial(RF Quote). "This one looks really, really awful, " he said.