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Jim Cramer's Stop Trading! Buy Reliance

Stock quotes in this article: RS , X , LSS , GSF , RSH , FFEX , TTM  

Buy Reliance Steel (RS Quote) off the big deal between U.S. Steel (X Quote) and Lone Star (LSS Quote) deal, Jim Cramer said Thursday on CNBC's "Stop Trading!" segment.

Cramer said Reliance, up 3% Thursday afternoon, is "the cheapest that's left" among the consolidation-crazed steel names. Of the U.S. Steel plan to acquire Lone Star, Cramer said, "What a deal."

Cramer likes GlobalSantaFe (GSF Quote), saying a "monster seller" in the stock is giving investors an opportunity to "take advantage of the weakness" that has the stock down fractionally Thursday. Cramer believes Norway's SeaDrill could end up buying or merging with GlobalSantaFe. ...

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