Oil Service HOLDRs
, exchange-traded fund is in free-fall, Jim Cramer said on his
"RealMoney" radio show Monday.
"I, for one, don't know when these stocks are going to be done going down, he said. "And you don't know when they're going to be done going down, so pick at the stocks."
Buy a little on the way down, Cramer said.
When a caller inquired about
, Cramer said he believes it's going to have a good quarter, "maybe even a great quarter," and will beat its estimates.
However, he said
Advanced Micro Devices
is a better company and will also do well.
Cramer told another caller when he sees
, he sees "a company that is growing well for a utility."
Although he has been recommending
, Cramer said he would ride Southern to $40. The stock was recently trading at $34.71.
"I believe there is more than a 10% gain here and I want you to ride it out," 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.
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
Action Alerts PLUS. Listen to Cramer's RealMoney Radio show on your computer; just click
here. Watch Cramer on "Mad Money" at 6 p.m. ET weeknights on CNBC. Click
here to order Cramer's latest book, "Real Money: Sane Investing in an Insane World," click
here to get his second book, "You Got Screwed!" and click
here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by
TheStreet.com has a revenue-sharing relationship with Traders' Library under which it receives a portion of the revenue from Traders' Library purchases by customers directed there from TheStreet.com.