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Commercial real estate is still hot and

Vornado

(VNO) - Get Vornado Realty Trust Report

is the way to play it, Jim Cramer said on

CNBC's

"Stop Trading!" segment Friday.

Vornado, the real-estate investment trust run by Steve Roth, is benefiting from strong demand for office space among new businesses. "Not all real estate is created equal," says Cramer, who is less bullish on residential property. "Take a page from Vornado, they know what they're doing."

Among other stocks, Cramer called

Bookham

( BKHM) a "quintessential fiber-optic play" that is levered to the same fundamentals that led to

Ciena's

(CIEN) - Get Ciena Corporation Report

good quarter. "They have a really good quarter coming up, expectations are low, what's not to like?"

Cramer called

Intel

(INTC) - Get Intel Corporation Report

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, which issued a sales warning Friday, a "false tell" for tech and said investors should be buying

Corning

(GLW) - Get Corning Inc Report

,

Marvell

(MRVL) - Get Marvell Technology, Inc. Report

and

Broadcom

undefined

.

In oil services, Cramer said

Schlumberger's

(SLB) - Get Schlumberger NV Report

new high means peers like

Nabors

(NBR) - Get Nabors Industries Ltd. Report

and

Transocean

(RIG) - Get Transocean Ltd. Report

are cheap. He urged caution on the supermajors, saying they're "just banks" with little hope of outperformance.

Asked about

Alcoa

(AA) - Get Alcoa Corporation Report

, Cramer said he prefers steel makers like

AK

(AKS) - Get AK Steel Holding Corporation Report

and

Wheeling-Pittsburgh

(WPSI)

.

Finally, Cramer praised

PW Eagle

(PWEI)

, which he said stands to benefit from government contracts.