"RealMoney" radio show caller asked about
, which Jim Cramer owns for his charitable trust
Action Alerts PLUS.
Cramer advised the caller to respect what the market was trying to say. Here, it's saying that Qualcomm is not finished going down. Wait until it goes two points lower to buy, Cramer said.
Cramer told his next caller to wait before buying railcar company
Westinghouse Air Brake Technologies
. It is in the midst of transitioning from a momentum stock to a value stock, he said. Right now, Cramer said, it did not have a risk/reward ratio he cared for.
Instead, he recommended
to the caller. It has a better and clearer path to go higher, he said.
Cramer told a caller to be careful about
Oregon Steel Mills
( OS), saying that although it was one of the hottest stocks at the beginning of the year, right now it does not have a good risk/reward.
When the next caller asked about
, Cramer said that although Bear Stearns upgraded the company, he believes
is a better stock.
Even though Pepsi is more expensive than Coca-Cola, Pepsi has performed better, and it has better growth, Cramer said. He recommended the caller swap out of Coca-Cola and into Pepsi.
Cramer advised a caller to pick at
, since right now the stock is in virtual freefall.
"I would buy 50 out of 200 shares right now and wait to buy 50 more shares as it drifts down, and then I would buy 100 shares," Cramer said.
Public Service Enterprise Group
And he recommended
to a caller over
Level 3 Communications
. Level 3 needs to stop making acquisitions, they are killing their shareholders, he said.
Whole Foods Market
( WFMI) are his two favorite growth stocks.
And he told a caller to wait on purchasing
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 Qualcomm.
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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