There are a lot of companies in the market that are fitting the description of cheap, affordable or inexpensive, Jim Cramer said on his

"RealMoney" radio show Wednesday.

There are businesses that are doing everything right, but their stocks are getting hammered, Cramer said. More companies are down than he's seen in ages he said.

For example,

Johnson & Johnson

(JNJ) - Get Report

is one of the most established businesses in the market.

It has no pressure from the Food and Drug Administration, it is not involved in any scandal, and it has smooth earnings and a great management, Cramer said. Yet, the company's stock is going nowhere despite the fact that it's cheap, he said.

Cramer said he sold half of his position in

Microsoft

(MSFT) - Get Report

, which he owns for his charitable trust,

Action Alerts PLUS, when the stock was at $26, but he had to keep the other half because of restrictions.

The company has a virtual monopoly on its market, Cramer said, adding that it is not dangerous to get into Microsoft now and wait for six months for the stock to increase.

It's not the time to sell it now, Cramer said. There is a gigantic cycle ahead for this company.

In addition,

Bear Stearns

(BSC)

,

Goldman Sachs

(GS) - Get Report

and

Lehman Brothers

(LEH)

are selling at half the price they used to, Cramer said.

These companies are in growth mode for many years to come, he said. People need to get rid of the misconceptions they may have about investment banks, Cramer emphasized.

Investment banks are not the same as online brokerages. Bear Stearns makes its money from of mortgage packaging and selling, and Goldman Sachs makes a fortune from of commodities trading, he said.

The market is in a feel-good mode right now. But where is all the cash coming to move this market? Cramer asked.

On May 11, cash was king, and investors were reacting to macro-forces, he said. Cash was more valuable than stocks. Right now, cash is going up on every level.

There are 23 separate equity funds that have raised billions, and hedge funds are sitting in cash, Cramer said.

Cash cannot stay on sidelines forever. People need to start picking away if they haven't bought stocks yet, he 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 Microsoft.

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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