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(AA) - Get Alcoa Corp. Report

gave a "horrendous report," last night, said Jim Cramer on his

"RealMoney" radio show Wednesday.

The company totally missed its guidance, and as a result, "a lot of people panicked out of a lot of stocks," he said. People were dumping stocks like


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Phelps Dodge

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, but now it seems they've come to their senses.

Investors have realized that Alcoa is simply a victim of bad management, he said, urging them not to be put off by the stock.

"It reminds me of

Sirius Satellite Radio

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," Cramer said, which is doing well, but when

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missed its projections, all people cared about was how bad XM was doing, not how well Sirius was doing.

A lot of tech stocks are doing well, Cramer said. Among them, he recommends


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If you don't have any tech, "I need you to make a change out of soups, soaps and cereals," into


(GOOG) - Get Alphabet Inc. Class C Report



(CSCO) - Get Cisco Systems, Inc. Report

, Cramer said.

He also said it's time to go back into industrials. People should get out of


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General Mills

and into

Black & Decker



Into Google and definitely into Akamai, he said.

Cisco went from $18 to $24, and


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has gone from $12 to $18 because "money coming out of staples and oil is going into tech."

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 He contributes daily market commentary for's sites and serves as an adviser to the company's CEO. Outside contributing columnists for and, 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

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