Everybody -- except Cramer -- is buzzing about

Baidu.com

(BIDU) - Get Report

.

Cramer told listeners on his

"RealMoney" radio show Friday to ring the register "big time" if they were lucky enough to own Baidu, the Chinese Internet company that more than quadrupled since being priced at $27 a share.

"It's absurd that it's up 80 points after being priced today. It's positively 1999 and it's bad for the business," says Cramer.

Part of the reason for the stock's pop is that only 4 million shares were offered to the public, causing a significant squeeze when retail investors started piling in. Cramer said the bankers that structured the deal eventually will face investor wrath "because this stock will eventually implode."

Cramer's other reason for disliking the stock is the comparisons to

Google

(GOOG) - Get Report

, a long-time Cramer fave. Cramer said that Google may have been underpriced last year when it went public, but it has proven to be a huge earnings grower. The same cannot be said for Baidu, which already trades at a multiple far greater than Google.

Cramer advised listeners feeling compelled to take the "Red Chinese Internet plunge" to buy shares of

NetEase

(NTES) - Get Report

,

Sohu.com

(SOHU) - Get Report

and even

eBay

(EBAY) - Get Report

instead.

Cramer said he doesn't mind expensive stocks, but he can't come up with an estimate that makes Baidu cheap. "I know people made a killing on Google. But Internet companies do not grow to the sky. And this is something that should have already been learned."

"I'm going to sit this one out. I don't want to be linked to Baidu. If you own it and you are speculating, then ring the register."

Cramer's Callers

Oil-rig builder

National Oilwell Varco

(NOV) - Get Report

has been dropping despite posting good earnings. Cramer said the company continues to benefit from a relatively tight supply of oil rigs and will eventually resume its uptrend.

And it's not just National Oilwell Varco that can make you money.

Baker Hughes

(BHI)

and

Halliburton

(HAL) - Get Report

are also oil-service providers ready to run.

Cramer told a caller that

Boyd Gaming

(BYD) - Get Report

is a solid company but could come down a bit more in this sloppy market.

Univision

( UVN) had worse numbers than expected and it trades at a rarified multiple of 35 times earnings, which is why it's selling off today. "If it's a growth company, they need to blow away numbers."

Skyworks Solutions

(SWKS) - Get Report

designs the semiconductors that go into

Motorola's

( MOT) cell phones. Cramer owns Motorola, so he is not in Skyworks. But, he said, "it's a dollar down and three up, which is a pretty good risk/reward."

Cramer congratulated a caller for taking profits on

Sears Holdings

(SHLD)

. "Playing with the house's money is really smart and the best way to play this game."

Lightning Round

Bullish:

Wrigley

( WWY),

ConocoPhillips

(COP) - Get Report

and National Oilwell Varco.

Bearish:

Geron

(GERN) - Get Report

,

Garmin

(GRMN) - Get Report

and

Ashford Hospitality

(AHT) - Get Report

.

At the time of publication, Cramer was long Halliburton, Motorola and Sears.

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

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