In an "eHarmony matchmaking" bit, Jim Cramer said on his

"RealMoney" radio show Wednesday that he sees a pairing up between

Varian

(VAR) - Get Report

and

Philips Electronics

(PHG) - Get Report

within the next year.

You are going to make money in Varian either through a takeover or earnings, he said.

On the strength of its anticancer machines and X-ray machines, Cramer believes that Varian is going to get a bid.

Philips is moving aggressively into the medical-imaging and wellness business by acquiring companies in this space, Cramer said. He believes that Philips might have to pay $60 a share to buy Varian and then spin off Varian's security and screening division.

"They could sell it to

General Electric

(GE) - Get Report

," he said.

Cramer, who reminded viewers that they cannot speculate a takeover if the company's fundamentals are not good, said that Varian's are great.

"Keep it on your radar screen," he said. "I believe Varian's the next big one."

In light of

BP's

(BP) - Get Report

recently shut-down pipeline, Cramer said that now there are 16 miles worth of steel that the company needs to replace. He wondered who would get that contract.

Although no one knows for sure, Cramer said his pick would be

Oregon Steel

( OS).

The steel stocks got annihilated on Tuesday because people believe we are headed into a recession and are thus dumping cyclical stocks, Cramer said. But he believes that the pause in rate hikes means a recession will be averted and has created an opportunity to buy steel instead of selling it.

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.

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