Jim Cramer's Stop Trading! Qwest's Quest

If the company can follow Level 3 with an acquisition of its own, the stock could go to $8.
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Level 3

(LVLT)

did a big acquisition Monday and still saw its stock rise.

Qwest

(Q)

should try the same thing, Jim Cramer said on

CNBC's

"Mad Money" segment Monday.

"If Qwest makes a deal, it goes to $7 or $8," Cramer said. "I think Qwest is just waiting for it to happen."

Regarding reports that

Federal Reserve

Chairman Ben Bernanke is backing away from his dovish comments of last week, Cramer recommended that investors reverse a trade that the comments initially spawned.

"There was a trade on to buy banks and sell

brokerages

Goldman Sachs

(GS) - Get Report

,

Lehman

(LEH)

and

Bear Stearns

(BSC)

," Cramer said. "I see already the banks are coming down off

Bernanke's comments. I would reverse now and go back into Bear, Lehman and Goldman."

Cramer was bullish on

AAR

(AIR) - Get Report

, citing Monday's acquisition of

Aviall

(AVL)

by

Boeing

(BA) - Get Report

. "Boeing is moving very aggressively into the spare parts and recycling game," Cramer said. "They paid the moon for Aviall. Why wouldn't they pay the moon for AAR, which has a much better business than Aviall?"

Cramer said demand from the aerospace sector has been manna for metals companies such as

Titanium Metals

(TIE)

and

Allegheny Tech

(ATI) - Get Report

. "Everyone's always willing to finance a plane in this country -- no matter what. Don't ask me why," Cramer said. "In China, you can bet they're going to be buying planes as far as the eye can see."

At the time of publication, Cramer had no positions in the 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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