Jim, what's your take on Nucor (NUE)?-- Martin from Michigan James J. Cramer: Right now I want to stay away from the steel stocks. China is rapidly becoming a net exporter of steel, and the Fed's rate hikes are going to hurt demand. Also, don't be fooled by Nucor's low P/E of 8. Steel company earnings are extremely volatile, and a fall in prices will cut those earnings down pretty quickly.
Jim, is it time to back the truck up on Verizon (VZ)?-- Noah from North Carolina James J. Cramer: No way. I'm not recommending Verizon. The VoIP plays like Vonage are pushing phone service prices lower, and prices for Internet service just keep on dropping. There is so much competition in the communications service provider space that the only winner is the consumer. Expect your phone and TV bills to drop the same way Verizon's stock does.
Do you like Oracle (ORCL)?-- Ed from Connecticut James J. Cramer: If I've said it once, I've said it a thousand times: I think Oracle should be sold. Unfortunately, Oracle is no longer a growth company, and I believe the Siebel ( SEBL)