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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



Cramer said he's always felt that


(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


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Adkerson would have money come due," Cramer said.

As for


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(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


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today to sell.

At the time of publication, Cramer was long Freeport.

Jim Cramer is a director and co-founder of He contributes daily market commentary for's sites and serves as an adviser to the company's CEO. Outside contributing columnists for and, 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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