A trader is probably going to beat an investor in this type of market environment, Jim Cramer told a caller on his
"RealMoney" radio show Wednesday.
( PALM) is near bottom. This is one cheap stock and therefore a buy, he said.
When asked about
, Cramer said he believes that refinery plays are going to be OK.
Cramer said he would buy Hess in increments because it is a company that is up year over year and may fall even more. He called Hess the second best refinery after
Cramer told a caller who asked about
that he recently sold his shares of the bank, which he owned for his charitable trust,
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They were not making as much money as we thought, he said. The company's estimates were coming down, and now the stock is getting hammered.
"All bank stocks are going down," Cramer said. "It is a very bearish market when bank stocks go down. It is because people are worried about credit risk."
The banking group was a sector that had been a leadership group, but now the whole aerospace group is growing. When the bank group goes down Cramer said it makes him cautious.
, which he owns for his charitable trust,
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He also told another caller to be cautious about
because it is a high multiple stock.
Cramer said he wouldn't buy it until it came down to $60. The stock is at $66 right now.
When a caller asked about
, Cramer said he sees so many high-quality oil stocks, that he's not going back to coal stocks right now.
"When oil comes, down I am not tempted by Peabody, even though it is a good company," he said.
( WFMI) has held up better than any other stock in its cohort. But when Dick Fisher says the
is going to keep raising rates, a little pressure begins to build up, Cramer said.
Expensive stocks have been coming down, and Whole Foods is one of them. Cramer said he'd be careful.
was one of Cramer's biggest wins when he owned it, he said. It is doing terrifically, and he believes that people will make Some money from it between now and Christmas.
Buy it, but remember to purchase it a little at a time, Cramer said.
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 Ingersoll Rand.
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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