A caller to Jim Cramer's
"RealMoney" radio show on Tuesday asked about
Bank of America
Cramer told the caller not to be too worried about the big macroeconomic numbers coming out, specifically the upcoming consumer price index report, adding that Bank of America and
are poised to break out.
Bank of America just had a big buyback and offers a 4% dividend, Cramer said, adding that he would buy half of a position now and then buy the other half after the CPI number is reported.
If the inflation measure is strong and the stock goes down, then there is an opportunity to buy the second half of one's position on weakness.
He told another caller that
( ERTS), along with
( BKHM), reported good quarters but made disappointing pronouncements.
Electronic Arts said that it won't get its act together this year, while JDSU issued more stock in the form of convertible bonds, Cramer said. Bookham said that it had too much inventory.
Even though Electronic Arts is at its 52-week low, Cramer said that its slowing growth rate is making it an expensive stock.
Cramer said that he likes
, which is pretty much the only source of uranium around. This means that he company can charge whatever it wants, Cramer said; and nuclear power is going to be used more widely.
A caller wanted to know if now is the time to buy
, given the fact that Warren Buffett is buying the stock. He added that the company has exposure to
in Russia and to Venezuela.
Cramer said that he believes that the stock is a buy "right here, right now," and not just because of the Buffett factor. He said that ConocoPhillips is now the cheapest oil company, selling at only six times earnings.
has come down 15% on this pullback, and Cramer likes the company because it has proprietary technology to turn coal into oil.
He said he also likes
the "quintessential slowdown stock," because its business does well no matter what is happening in the economy.
He said that he would start buying the stock at this level.
Even though good positive news is coming out on the drug Tysabri, Cramer said that he would prefer to buy
Both companies are developing the drug, but Biogen has a lot of good things in the pipeline, while Elan only has Tysabri, he said.
Finally, he said that
is "really a dynamite company," that he believes is not done going up.
The company makes all the things that a business needs to operate, from HVAC products to lighting equipment. It has been a great stock, and Cramer remains bullish on it even though it is up 39% from last year.
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.
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
clicking here. Listen to Cramer's RealMoney Radio show on your computer; just click
here. Watch Cramer on "Mad Money" at 6 p.m. ET weeknights on CNBC. Click
here to order Cramer's latest book, "Real Money: Sane Investing in an Insane World," click
here to get his second book, "You Got Screwed!" and click
here to order Cramer's autobiography, "Confessions of a Street Addict."