Jim Cramer's Stop Trading! Buy National Oilwell

It's printing money, Cramer says.
Author:
Publish date:

Buy

National Oilwell Varco

(NOV) - Get Report

"right here, right now," Jim Cramer said Tuesday on

CNBC

's "Stop Trading!" segment.

Cramer said the oil-rig builder "has a sanctioned monopoly" and is printing money "like the U.S. Mint." He expects the stock, up $4 Tuesday to $64 and change, to hit $70 "in a heartbeat."

Cramer also likes

FedEx

(FDX) - Get Report

, which he called a cheap stock that's "best in show." Cramer expects the company to benefit from another stumble by rival

UPS

(UPS) - Get Report

and to surge 30% from a recent $114.

Last but certainly not least, Cramer reiterated his strong buy on

Countrywide

(CFC)

, citing Tuesday's news of another bankruptcy in the subprime lending arena. Cramer said the shakeout in subprime means investors should buy the so-called best-of-breed player, Countrywide, which Cramer said will be taking market share.

At the time of publication, Cramer had no positions in stocks mentioned.

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