Cramer's 'Stop Trading!': ConocoPhillips - TheStreet

NEW YORK (

TheStreet

) --

ConocoPhillips

(COP) - Get Report

"has to rethink itself," said Jim Cramer on

CNBC's

"Stop Trading!" segment on Wednesday. "This was an awful quarter. I can't defend it."

He said that he's liked the company before, and he'll take another look if it goes to $38. But based on its quarter, he thought it was "the worst of the integrateds."

Valero

(VLO) - Get Report

also had a "horrible quarter," he said.

After reading a

Tampa Bay Tribune

article about the troubles faced by

CIT

(CIT) - Get Report

client Beef O'Brady's, Cramer recommended buying its competitors, such as

Buffalo Wild Wings

(BWLD)

. He also mentioned

DineEquity

(DIN) - Get Report

and

Brinker

(EAT) - Get Report

.

People who bought

Bed Bath & Beyond

(BBBY) - Get Report

off Linens 'n' Things ended up making money," he said, and the same for those who bought

Best Buy

(BBY) - Get Report

off of Circuit City's demise.

--Rebecca Corvino is based in New York.

(Editor's note: At the time of publication, Cramer had no positions in stocks mentioned for his Action Alerts PLUS charitable trust.)