NEW YORK (TheStreet) -- "There so much going on today," said Jim Cramer on Wednesday's "Stop Trading!" segment on CNBC.

CEO Michael Thaman "did a great job with

Owens Corvning

(OC) - Get Report

," said Cramer. "It's been the toughest market in the world for him." Cramer said that Owens Corning "is not my stock," but it's had a "major comeback" and is a "great company."

Transocean

(RIG) - Get Report

"should be bought," Cramer said. "I think that people are dead wrong to sell this one down." He said that a lot of its problems in the most recent quarter were one-time issues and would be solved. "Plus, I think oil's going down. I actually have been positive about the drillers."

And

Devon

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, which Cramer owns for his

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charitable trust, reported much better-than-expected earnings and isn't done going up, he said. Like with

XTO

( XTO) and

Apache

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, "the growth here is monumental," Cramer said. "These companies are drilling like mad."

-- Written by Rebecca Corvino in New York.