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Alcoa

(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

Alcan

(AL) - Get Air Lease Corporation Class A Report

and

Phelps Dodge

(PD) - Get PagerDuty, Inc. Report

, 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

(SIRI) - Get Sirius XM Holdings, Inc. Report

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

TheStreet Recommends

XM Satellite Radio

(XMSR)

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

Akamai

(AKAM) - Get Akamai Technologies, Inc. Report

and

DivX

(DIVX)

.

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

Googles

(GOOG) - Get Alphabet Inc. Class C Report

and

Ciscos

(CSCO) - Get Cisco Systems, Inc. Report

, Cramer said.

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

Coca-Cola

(KO) - Get Coca-Cola Company Report

and

PepsiCo

(PEP) - Get PepsiCo, Inc. Report

,

Kellogg

(K) - Get Kellogg Company (K) Report

and

General Mills

and into

Black & Decker

undefined

.

Into Google and definitely into Akamai, he said.

Cisco went from $18 to $24, and

Oracle

(ORCL) - Get Oracle Corporation Report

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 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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