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

Buy the stock on its dip after GE's earnings miss, Cramer says.
By TheStreet.com Staff ,

In the wake of a disappointing earnings report from General Electric (GE) - Get Report, 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) - Get Report

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) - Get Report

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) - Get Report

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) - Get Report

, you can hide in

Coke

(KO) - Get Report

, you can hide in

Pepsi

(PEP) - Get Report

, but you cannot hide in tech."

Cramer was also bearish on

Google

(GOOG) - Get Report

. "I don't know, when you have

Microsoft

(MSFT) - Get Report

and

Yahoo!

(YHOO)

and

News Corp.

(NWS) - Get Report

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."

Jim Cramer is a featured commentator for

CNBC

, which is owned by General Electric; as part of his contract, Cramer holds restricted shares in GE.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for

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