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Jim Cramer's Stop Trading! Oceaneering Roars

Cramer says it and Core Labs are headed higher.

Oil services plays


(OII) - Get Oceaneering International, Inc. Report


Core Labs

(CLB) - Get Core Laboratories NV Report

are on a "mission to go higher" despite the drop in crude oil prices, Jim Cramer said Wednesday on


"Stop Trading!" segment.

Cramer called Oceaneering's third quarter "incredible," considering the Hurricane Katrina impact on the year-ago period, and pointed to the company's solid growth. Shares rose 9% Wednesday to $39.

Cramer also said health insurer


(CI) - Get Cigna Corporation Report

"may have gotten it together," going by Wednesday's strong quarter and improved guidance. He said the company showed surprising growth and "isn't giving it away," which he called a sign that Cigna may have joined the list of companies "doing better than they used to." Cramer cautioned against buying in the managed care sector ahead of Tuesday's elections, however, saying Democrats might do strange and unfortunate things should they win Congress.

Cramer said navigation company

TheStreet Recommends


(GRMN) - Get Garmin Ltd. (GRMN) Report

makes an intriguing bounceback play heading into what should be a strong Christmas for tech gadgetry, but he's staying on the sideline while he tries to figure out Wednesday's poor revenue number.

Cramer also professed to be mystified by

Morgan Stanley's

(MS) - Get Morgan Stanley (MS) Report

latest move into the hedge fund group. Cramer said he loves CEO John Mack, who he said has "turned it around," but would like to know the rationale for Morgan Stanley moving harder into an area in which it previously hasn't succeeded.

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

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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