Three weeks ago,
Network Appliance
(NTAP) - Get Report
, which Jim Cramer owns for his charitable trust
Action Alerts PLUS, reported a fantastic quarter with a positive outlook, Cramer said on his
"RealMoney" radio show Thursday.
Network Appliance stores data, and thus is a company that other companies depend on. Even though it reported a great quarter, the stock dropped a quick 15%, Cramer said.
And the media assumed the company had blown it.
Now Network Appliance's stock is above where it was when the company reported its great quarter.
"You have to get out of the negativity," Cramer advised his listeners. "Don't panic out. The lesson here is, if a stock from a good company is getting hit
for no apparent reason, buy it during the selloff frenzy."
The price of natural gas has ignited, Cramer said. It is time to buy
Chesapeake
(CHK) - Get Report
and
Carrizo
(CRZO) - Get Report
, Cramer said.
He also recommended buying the biggest driller of natural gas,
Nabors Industries
(NBR) - Get Report
, which he owns for his charitable trust
Action Alerts PLUS.
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 Network Appliance and Nabors Industries.
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.
TheStreet.com has a revenue-sharing relationship with Traders' Library under which it receives a portion of the revenue from Traders' Library purchases by customers directed there from TheStreet.com.
