Publish date:

Cramer's 'Stop Trading!': Transocean Tells

The stock is rising as oil falls, signaling that oil might pop, says Jim Cramer.

"Google (GOOG) - Get Alphabet Inc. Class C Report is doing better than others," said Jim Cramer on Thursday's "Stop Trading!" segment on CNBC, "but it's not enough."

He said it's important to recognize that "in the end, Google is still hostage to some advertising." In that respect, he said, it reminds him of

Research In Motion

(RIMM)

.

Cramer said he's always felt that

Freeport-McMoRan

(FCX) - Get Freeport-McMoRan, Inc. (FCX) Report

CEO Richard Adkerson "is such a straight shooter." Cramer was "thrilled" about Freeport's secondary offering, which he said the market liked. "People were worried that a la

Terex

(TEX) - Get Terex Corporation Report

,

Adkerson would have money come due," Cramer said.

As for

Transocean

TheStreet Recommends

(RIG) - Get Transocean Ltd. Report

, Cramer said he found it interesting that "the company you most need to drill" is rising as oil falls. "I'm betting that RIG is the tell," he said, and that oil's going to pop.

Cramer also mentioned that Goldman Sachs downgraded

Kohl's

(KSS) - Get Kohl's Corporation (KSS) Report

today to sell.

At the time of publication, Cramer was long Freeport.

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