Cramer told listeners of his "RealMoney" radio show that Apple Computer ( AAPL - Get Report) has two major things going for it.

Think of the company as a lemonade stand, he said. Just like you need lemons and water to make lemonade, the two components that Apple needs are flat screens and microprocessors.

The prices from AU Optronics ( AUO - Get Report), the maker of Apple's flat screens, are coming down, Cramer said. Not only that, but the cost of microprocessors used by Apple is plunging, he said.

At the same time, Apple's demand is increasing, and the company is coming out with two new features, iPhones and iMovies, Cramer said. "This is a good play," he added.

Cramer's Callers

Cramer's first caller asked about Finisar ( FNSR - Get Report). This company makes fiber-optic components and subsystems. Big phone companies depend on Finisar to stay above competing cable companies, Cramer said.

It has raised its earnings estimates, and its stock is up 177% year over year, "I would be a buyer of Finisar, not a seller," he said.

When the next caller asked Cramer about Celgene ( CELG - Get Report), he blessed the stock, saying the company has a drug called Revimid used in rare blood cancer. "I believe Celgene has been stronger than most," he said.

Cramer told a caller he wanted to be encouraging about Tata Motors ( TTM), but the company, the largest carmaker in India, has fallen precipitously. "I believe that over the next three days, it's going to fall lower," he said.

Tata is a stock that is owned by momentum players, Cramer said. They buy stocks on the way up and sell on way down, opposite of what I tell you to do, Cramer said. "I would wait to buy TTM," he said.

When a caller asked about Nortel Networks Cramer said he believes the stock is dead.

The company has not been able to get its hands around its finances in a year, Cramer said. "I talk a lot about gains on my show, and I have lost a lot of money on Nortel," he said. Even though it is at its 52-week low, Cramer said he would avoid it.

Cramer told a caller that although Cameco ( CCJ - Get Report) is one of the best stories out there, he would wait before he bought any more shares of the company. He said he wouldn't sell any of the stock, but he would wait for it to come down, before he bought more.

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 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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