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Given that gasoline prices have gone up about 60 cents in the last month, you might be wondering if anybody out there is buying cars, Jim Cramer told his

"RealMoney" radio show listeners Wednesday.

They're not buying American cars, he said, because U.S. automakers are still "caught in the past," when consumers still liked gas-guzzling SUVs.

But Asian automakers decided to make the cars of the 21st century. Among these carmakers, Cramer said that

Toyota

(TM) - Get Toyota Motor Corp. Report

is the company that he has endorsed for about five years.

Toyota made the bet that consumers would want a more fuel-efficient, environmentally friendly car, he said. That makes it "the best manufacturer of the cars we want right now."

Plus, he said that the company is very well-run.

Ford

(F) - Get Ford Motor Company Report

,

General Motors

(GM) - Get General Motors Company Report

and

DaimlerChrysler

TheStreet Recommends

( DCX) are often in the news because they have to lay people off, have inventory problems, have union problems or are paying too much for parts, he said.

But Cramer said Toyota has none of those problems. Moreover, he said that "this company will hire as many Americans as the amount that GM or Ford will fire."

Losing Edge

Intel

(INTC) - Get Intel Corporation Report

was once the leader of the pack, Cramer said, adding that he used to own the stock for his

ActionAlerts PLUS charitable trust portfolio.

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But the company has been surpassed in quality and profit as percentage of sales by

Advanced Micro Devices

(AMD) - Get Advanced Micro Devices, Inc. Report

.

Now Intel has announced that it will spend a lot of money to get people in the Third World to get on the PC bandwagon, which seems very generous. But Cramer said that if you dig deeper, there's more to the story.

He pronounced the U.S. PC market "dead," given the fact that 80% of Americans own a computer. Unless a new operating system hits the market, he said, there will be no room for growth.

But in emerging nations, PC ownership accounts for only 2.8% of the population. However, people in poor, developing nations can't afford a computer. Intel is trying to make a PC that's affordable and provide wireless service so it can access the growth potential in these markets.

But Cramer said AMD is ahead of the game in this area, too, and that it could get a super-cheap computer out there first. The company is even thinking of creating a hand-crank PC that would sell for under $100, he added.

This just goes to show that Intel has lost its edge, he said.

Not Making Music

The No. 3 music company

EMI

saw its bid to merge with No. 4 company

Warner Music

( WMG) "go down in flames," said Cramer.

The merger could be a good thing because we love less competition in any field, he said. "So why is Warner Music holding out like a stuck-up prom queen?" Cramer asked.

He said that it could be because Warner understands that a change has hit the music industry, and it isn't making any moves.

The change began with CD burners, file-sharing and MP3 players, said Cramer; and these developments were quickly followed by lawsuits.

"Then iPod hit the market, and

Apple

(AAPL) - Get Apple Inc. Report

, a much smarter company than any other in the computer business, figured it out," he said. The company realized that if music were cheap enough, people would buy rather than steal it.

Apple charged 99 cents a song. The music business has complained that 99 cents is too cheap, but Apple "stuck to its guns," Cramer said.

The company has 80% of the online music market, has the best product and managed to hold its price at 99 cents.

This is why Apple is Cramer's favorite hardware tech stock, even though the price is up.

In the email box, a listener asked what the terms "bull" and "bear" mean. Cramer said that these terms are "classic headlines shorthands," much like "KO" for knockout or "HR" for home run.

Generally speaking, he said that a bull is someone who believes that the market will go higher and that stock prices are going up. Conversely, a bear believes that the market will go down and that prices will go down.

Cramer's Callers

The first caller asked Cramer for his take on

BJ Services

( BJS).

"You're in the sweet spot there" because the company does pressure pumping, said Cramer. When you are running out of oil in old wells, BJ Services will find a way to get at that oil.

With crude prices at these record highs, remedial work on existing wells is a huge business because it's not worth scraping the bottom of the well, he said.

And Cramer said that the company has a near hammerlock on the business. At two points from its 52-week high, he said that this is a buying opportunity.

Cramer said that

Schlumberger

(SLB) - Get Schlumberger NV Report

,

Baker Hughes

(BHI)

and

National Oilwell Varco

(NOV) - Get NOV Inc. Report

are good stocks for similar reasons and that he is "indifferent to which one you buy."

The market is down so all of these stocks are weaker. "The market is throwing a sale," he said.

He said that even though

Bank of New York

(BK) - Get Bank of New York Mellon Corporation Report

"just continues to motor along ... it's one of the least-best banks out there."

The bank has a good ADR business, but it doesn't have the growth that Cramer likes. Instead, he said that

Commerce Bancorp

(CBH) - Get AllianzGI Convertible & Income 2024 Target Term Fund Report

has the best growth on Wall Street. Cramer owns the stock for

ActionAlerts PLUS.

Cramer likes

Martek Biosciences

( MATK) because the company makes a proprietary product -- nutritional oils for infant formula. And he said that it is a great growth story.

But the company falls under the category of health care, a sector Cramer said has not been spared.

He told a caller not to swap out of Martek for cash, but to overweight his portfolio. That means lightening up on health care stocks and owning a greater percentage of gold, silver or machinery plays.

A caller said that he bought

Sears Holdings

(SHLD)

at $100 and wanted to know if it's time to sell the stock now that it is above $140.

Cramer said that the stock, which he owns for

Action Alerts PLUS, is a high-quality investment that is going to move higher.

Cramer also said that he has liked

Crocs

(CROX) - Get Crocs, Inc. Report

since the company went public, but he said that there is a "gigantic short position in the stock."

"When I see this large a short position, I get nervous," he said. The company is about to report, and if it does a great job and decides to issue more stock, then no short squeeze will happen.

In a short squeeze, stock prices move higher when investors who had bet against the stock are forced to buy more of it to cover their positions.

So Cramer said he would wait to see if stock falls. If it does, he said that would be a chance to buy.

Finally, he told a caller that he likes

Lowe's

(LOW) - Get Lowe's Companies, Inc. Report

because it has great management. He also said that it could have more room to grow than

Home Depot

(HD) - Get Home Depot, Inc. Report

.

He said that it also has more women shoppers than Home Depot does, and that he blesses it as a trade and as an investment. When Cramer talks about holding something as an investment, his time frame is between 6 and 18 months.

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 Commerce Bancorp and Sears Holdings.

James J. 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. While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by

clicking here. 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."