RealMoney Radio: A Picture-Perfect Quarter

Cramer talks up the movement of companies such as Alcan that reported great quarters.
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Jim Cramer's first caller on his

"RealMoney" radio show asked him about

Alcan

(AL) - Get Report

, a stock that reported a great quarter but still moved lower.

Cramer owns Alcan for his

ActionAlerts PLUS charitable trust portfolio.

He said that a series of companies that have been doing really well got shot down after reporting unbelievable quarters, and then started to move up after enough people locked in profits.

His list included

Caterpillar

(CAT) - Get Report

,

Boeing

(BA) - Get Report

,

Conexant

(CNXT) - Get Report

and

Archer Daniels Midland

(ADM) - Get Report

.

"May I just say that this was a picture-perfect quarter? ... I would right now buy Alcan," Cramer said.

He said that neither

Nabors

(NBR) - Get Report

nor

Halliburton

(HAL) - Get Report

have taken out their 52-week highs, despite the fact that oil prices are soaring. He owns both stocks for

ActionAlerts PLUS.

Baker Hughes

(BHI)

and

Schlumberger

(SLB) - Get Report

are the companies that have been on fire, but he said that he would not swap out of Nabors or Halliburton for one of these two plays.

All of the drillers will go higher over time, he said, including

Transocean

(RIG) - Get Report

and

GlobalSantaFe

(GSF)

. "I don't care if you don't have the hottest

driller," he said. "I need to be in one of them."

As for

Cemex

(CX) - Get Report

, Cramer told a caller that the company has had a tremendous run and that he believes the stock will go higher. But "here we run into a discipline problem," he said.

Last year on this day was the stock's 52-week low at $35; and now it's around $69, Cramer said. "We don't like to winners to buy losers ... and the fundamentals for Cemex are just dynamite."

The company is in solid growth markets and demand for cement is through the roof, he added.

But the discipline problem is that the stock has had a big run. "It would be unforgivable to not point out that if you rode the stock from $35, you're being a bit of a hog if you don't take something off the table."

So Cramer suggested taking half off and letting the rest run.

He told a caller that even though Steve Wynn has built a great company with

Wynn Resorts

(WYNN) - Get Report

,

Las Vegas Sands

(LVS) - Get Report

is the best-of-breed company in the sector.

And he told another caller to not buy

Liz Claiborne

(LIZ)

. Cramer said that the company has had management issues and trades in a tight range.

He prefers

VF

(VFC) - Get Report

, which blew away the numbers, or

Federated

.

Cramer said that

Apple

(AAPL) - Get Report

has been "on the comeback trail since it reported its quarter," and that once the sellers disappear and the shakeout is over, it will go higher.

At $71, he said that the next stop is at $75.

He reiterated that he believes

Peabody Energy

(BTU) - Get Report

is the best coal company around because it has low-sulfur, cheap coal.

Arch Coal

(ACI) - Get Report

is second best, said Cramer. But he said he would stay away from

National Coal

(NCOC)

.

Even though the stock trades at just about $11, he said that it's at its 52-week high, that it doesn't make money and that the company is an "unseasoned play."

"I have learned by lesson," he said. "It's better to go with the blue chip of the industry ... even if it means you can only buy a few shares."

Cramer said that

Foster Wheeler

, which he owns for

ActionAlerts PLUS, is down because the company is issuing shares to pay off its debt to bondholders.

The company issued 1 million shares and it's killing the stock, he said. But he said he would use this as an opportunity to buy more, since the debt payment issue will eventually end.

"You've got a winner in

Armor Holdings

(AH)

," he told a caller. He said that he likes the company because it makes armored defense products, including vehicle and body armor.

Finally, he told a caller that

Freeport-McMoRan

(FCX) - Get Report

is down today because copper prices have come in. Lower copper prices weighs on

Phelps Dodge

(PD) - Get Report

and

Southern Copper

(PCU)

, too, he said.

But copper and gold prices will likely go higher, he said, adding that companies like Freeport-McMoRan should be bought. He added that he owns

BHP Billiton

(BHP) - Get Report

for

ActionAlerts PLUS, and that investors need to own a stock in this complex.

To see the most recent edition of The RealMoney Radio Recap in its entirety, please click here. This recap is published every day around 3 p.m. ET.

At the time of publication, Cramer was long Halliburton, BHP Billiton, Nabors Industries, Foster Wheeler and Alcan.

James J. 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

Action Alerts PLUS. While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by

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