RealMoney Radio: When to Ring the Register

Cramer says that Hershey has been sweet and Circuit City is jammed.
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Jim Cramer told the first caller to his

"RealMoney" radio show Tuesday that

Boeing

(BA) - Get Report

is "the quintessential selloff stock.

This is because the company just reported magnificent quarter, guided up very big and has been up a lot, all at a time when stocks across the board are coming down.

But Cramer believes that Boeing is one of stronger stocks and that he is hoping for it to come in a few more points so he can again buy some for his charitable trust

Action Alerts PLUS.

However, he said the situation is more difficult for someone who has a full position in the stock because it's probably not done going down. Cramer said not to sell it outright because the fundamentals are too good. You'll be under pressure, he warned, but don't give up on it.

He told another listener that he believes that

Halliburton

(HAL) - Get Report

, which he owns for his trust, is "hideously undervalued" because its

Kellogg Brown & Root

subsidiary is not factored into the stock price.

But the subsidiary is being spun out by Halliburton's "pro-shareholder management," Cramer said. Given the fact that the company reported a "magnificent quarter" on April 20, and that he believes KBR is worth a huge amount of money, he sees that stock going to $90 from about $73.

A teacher and his students called in to tell Cramer that they invested in

Hershey

(HSY) - Get Report

, following advice from the King of Booyah to buy what they know.

Cramer congratulated the class for picking up the stock when it was low, adding that the stock is up a few points. "Bulls make money. Bears make money. Hogs get slaughtered," he said.

It's one of Cramer's favorite aphorisms, but he told these callers that they are in a great stock and that he would not bail on it altogether.

As a consumer cyclical play, he said that Hershey could move higher if the economy slows, and that it's a well-run company.

He told another caller that

Gap

(GPS) - Get Report

is a tough call. It's a cheap stock, but it has no momentum and it doesn't generate great returns, he said.

However, an analyst whom he respects believes that the stock could turn around in the next few months, so Cramer said that if he owned it, he would stay in it for another couple of months.

"I think it's 1 point down and 3 points up," Cramer said, adding that this could make for a decent summer trade.

Williams Companies

(WMB) - Get Report

is very similar to

Kinder Morgan

(KMI) - Get Report

, in that both are natural gas and pipeline companies.

However, Cramer said that Williams has a huge amount of debt, which would make it much harder for the company to go private, a move that Kinder Morgan management is hoping to make.

Finally, he told a caller that he would be careful about

Circuit City

(CC) - Get Report

, adding that it's the No. 2 big-box electronics retailer behind

Best Buy

(BBY) - Get Report

.

There are rumors that Best Buy has a lot of inventory, he said. With Circuit City just a few points from a fresh high, Cramer said not to risk those gains. If he owned Circuit City, Cramer said he would ring the register.

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.

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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