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RealMoney Radio: Round Up Arena

Cramer says that a downgrade on the biotech stock was wrong -- so get some.

As

Black & Decker

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reported a good quarter today,

Fortune Brands

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should as well, Jim Cramer told a caller to his

"RealMoney" radio show Thursday.

"I believe Fortune Brands is going higher," he said.

Responding to another caller, Cramer said he did not agree with a recent downgrade that was issued to

Arena Pharmaceuticals

(ARNA) - Get Arena Pharmaceuticals, Inc. Report

.

People should be in this stock for its cancer and obesity drug, as "near-term earnings have never been an issue for biotech stocks," he said.

"When you see this type of decline in such a stock, you must pile up on it," Cramer advised.

Chipotle

TheStreet Recommends

(CMG) - Get Chipotle Mexican Grill, Inc. Report

is "here to stay and is very well run," he told his next caller.

In regard to

Lennar

(LEN) - Get Lennar Corporation Class A Report

, Cramer told a caller it is a "great homebuilder."

But because it's had a big run, Cramer advised taking a little off the table and allowing the rest to run.

Cramer told another listener he "vastly prefers"

Goldman Sachs

(GS) - Get Goldman Sachs Group, Inc. (GS) Report

, which he owns for his charitable trust,

Action Alerts PLUS, to

Wells Fargo

(WFC) - Get Wells Fargo & Company Report

.

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 Goldman Sachs.

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

clicking here.

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