Ailing Ford (F) - Get Report might be a recipient of the good vibes over at General Motors (GM) - Get Report.

After recently reporting a $5 billion loss, Ford is up on people's belief that it has a better future ahead, Jim Cramer told listeners on his

"RealMoney" radio show Wednesday.

Today, General Motors reported a solid quarter. "GM is remarkable," Cramer said. "It turns out its costs were so high that it has been able to wipe out a third of the work force and still manufacture just as many cars."

Although GM shouldn't have let board member Jerry York go, Cramer said he still believes in the company.

Those who took some GM shares off the table should consider buying them back because this stock is not done going up, he said.

In addition, Ford is still a buy because "they are just beginning to cut the fat there," Cramer said.

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Moving on to the retail sector, the shopping experience at

Wal-Mart

(WMT) - Get Report

is not very good, he said, and

Home Depot

(HD) - Get Report

is also joining the "clueless retail club."

Home Depot has added aisle numbers, whereas before, the employees used to walk customers to the aisle, Cramer said. Plus, it's starting to sell coffee.

"This is not what I expect or want," he said.

The management at these companies should go outside of the organization and hire real merchants, "people who know and see what's working," Cramer said.

Cramer said he feels that

Target

(TGT) - Get Report

and

Costco

(COST) - Get Report

offer a more upscale shopping experience than do Wal-Mart and Home Depot, where Cramer said he feels lost. It's "fun to spend" at Target and Costco, he said.

Tuning Out Clear Channel

After flatlining for several years,

Clear Channel

(CCU) - Get Report

finally started breaking out Tuesday because the company's management has decided to take matters into its own hands, Cramer said, adding that the company is frustrated with its inability to go up.

However, the people who run Clear Channel are "dangerous when they try to do something about the stock," Cramer warned.

First, they tried to get into live entertainment, and then it was outdoor advertising -- both of which they eventually exited. Then the company "embraced the Net" and forgot about it, he said.

"I think rather than pondering why their stock is so low, they should wonder why it isn't even lower with its track record," Cramer said.

The fact of the matter is that Clear Channel is a company with "little natural growth, it has fired just about everyone it can fire, and it's too big to take over any other radio company," he said.

Now what the management wants to do is take the company private.

"Some industries are simply in decline and don't come back," Cramer said. "Clear Channel doesn't want to admit it and neither do the newspapers."

The bottom line is a deal for Clear Channel to go private would make "no sense," he said. Although it could get done, Cramer warned against anywhere near this stock.

If people are in

Norfolk Southern

(NSC) - Get Report

, they're up $4 today, Cramer said.

The company reported a double-digit gain in earnings, when it sells at 15 times earnings, he said.

"Norfolk Southern was knocked down and was not doing as badly as the market indicated," Cramer said. "It is a buy."

Another company to buy in this sector is

CSX

(CSX) - Get Report

, he added.

Cramer's Callers

Peabody Energy

(BTU) - Get Report

is a hold and should go up $8, Cramer told a caller.

"It got cold and oil went back up, which made coal cheap," he said. "We are looking at lower coal prices as coal is bottoming."

Peabody was recently trading at $43.35.

"

Nutri System

( NSI) is a company that is hated on Wall Street," Cramer said, responding to his next caller.

As a rule, he said he typically tries to "avoid closely contested stocks."

"There are people who genuinely believe Nutri System is a fraud, and then there are people who think it is worth a fortune," Cramer said. "The short-sellers are so aggressive that they're banging the stock down right now trying to cause panic."

The bottom line is the stock should be up $10, but the bears are being too aggressive, and it is too complicated, so "stay away," he advised. Nutri System was recently trading at $14.22.

When a caller inquired about

Fisher Scientific

( FSH), Cramer said

Thermo Electron

(TMO) - Get Report

came out with some "bullish comments" and said its merger with Fisher is going to be good for shareholders.

"I would hold on to Fisher Scientific," he said. "It's a good natural merger that looks like it's going to pay off."

Cramer advised another caller to hold on to

Constellation Energy

( CEG) because he believes it's "a good steady grower" and that it can go higher.

Although

Harley-Davidson

(HOG) - Get Report

is hated by hedge fund people because they believe that when things get tough, people don't have enough money to spend on motorcycles, Cramer told a caller he disagrees with this view.

Harley-Davidson is something people "genuinely like," and its brand is so strong that even at its 52-week high, Cramer wants people to buy this stock.

In addition, Cramer told another caller not to back away from

AU Optronics

(AUO)

, as he believes it is a "good company" and "likes the stock very much."

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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