Cramer's Stop Trading!: AT&T, Apple, 3M, Caterpillar

On his Thursday Stop Trading! segment on CNBC, Cramer says that Thursday's stronger market is being driven by strong Dow earnings.
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NEW YORK (TheStreet) -- On his Thursday Stop Trading! segment on CNBC, Jim Cramer said that Thursday's stronger market was being driven by strong Dow earnings.

Cramer noted that

AT&T's

(T) - Get Report

CEO Randall Stephenson was using words like "strong" to describe the quarter, even though he's "not given to hyperbole."

Cramer described AT&T's second quarter as "a great quarter ... and thank you Steve Jobs!" he was referring to the company's exclusive carrier deal for

Apple's

(AAPL) - Get Report

popular iPhones. Despite Apple's recent iPhone4 antenna problems, Cramer continues to believe that Apple CEO Steve Jobs is a "genius."

"You cannot stop the iPad," Cramer added.

Even though he continues to like

Research In Motion

(RIMM)

, Cramer wonders whether RIMM would eventually be

"Nokiad,"

(NOK) - Get Report

by Apple.

Tech stocks that Cramer recommended Thursday include

F5 Networks,

(FFIV) - Get Report

as the need for high-speed internet grows;

salesforce.com

(CRM) - Get Report

-- as the popularity of cloud computing increases -- "that stock's going much, much higher," he said.

Another recommendation was

VMware,

(VMW) - Get Report

which is hardware that allows cloud computing, he said.

Cramer also mentioned that "you can put

3M

(MMM) - Get Report

much higher" and that

Caterpillar

(CAT) - Get Report

is not waiting for the U.S. to recover; it's going straight to the economies that are already stimulated, such as the emerging economies.

Both companies raised their earnings guidance Thursday.

During the show, Cramer also mentioned that he "loves"

JPMorgan

(JPM) - Get Report

and thinks that it's the "greatest firm in the world."

Cramer's Stop Trading!: Goldman Sachs

Click here for Cramer's Tuesday Stop Trading! segment

-- Reported by Andrea Tse in New York

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>>07/20 Cramer's Stop Trading!: Goldman Sachs

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