Even in this back-and-forth market, listeners called in to hear what Jim Cramer had to say about stocks Friday on his
"RealMoney" radio show.
He told a caller that the
is targeting commodities prices, and using its rate hikes to try and quell speculation in the sector.
But, he said, the central bank can't really control ramping oil prices because it's not merely speculation that is pushing crude costs higher.
Cramer told the caller to find groups like oil that rise and fall regardless of Fed rate hikes, and suggested looking at
, which he called the finest oil driller.
The drillers have been fractured, Cramer warned, with some up and some in freefall. Since it's difficult to pick one, he said to go for a best-of-breed company like Schlumberger.
A caller said that he was pleased with the latest earnings report from
, and Cramer agreed that he is interested in a company with strong growth potential.
The company's revenue is growing, Cramer said, and he believes that it is one of the single best plays on the battle between cable and phone companies.
showed that it was taking a share of the phone business,
were shaken, he said. He believes these big phone companies will spend heavily to roll out a new, more competitive fiber optic system, and that Ciena will be the beneficiary.
Even though he has been "loathe to recommend drug stocks," Cramer told a caller that he is interested in
, since it is buying
big consumer products division.
Glaxo will be able to do more with that division than Pfizer was able to because it's a better product marketer, he said. He also said that he has been recommending
, which he owns for his charitable trust
Action Alerts PLUS, saying that the company is in turnaround mode.
He told a caller that
Bank of New York
is too focused on payment services and securities servicing and not focused enough on banking.
While the stock's yield is good at more than 2%,
Bank of America
have 4% yields. Cramer said he would swap out of Bank of New York and into Citi or Bank of America.
He said that
is played out. When it was trading at $30, he nominated it as his stock of the year because titanium is integral to the current aerospace cycle.
But the price has pretty much doubled, and he said that investors who buy at these levels are being hogs.
Cramer said that investors have been fleeing natural gas, but that they shouldn't. While he has been pushing
, Cramer said the he also needed to give
Western Gas Resources
Finally, he told a caller that
is played out and that he would swap into
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 Schering-Plough.
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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