Toyota ( TM) is one incredibly cheap stock and abandoning it would be a mistake, Jim Cramer told a caller to his "RealMoney" radio show Thursday.

The automaker needs a strong dollar and it was hurt by fact that Japan has been raising its interest rates, but Cramer said he would not sell it. He said if it went below $100, he would buy it "hand-over-fist." (Toyota was recently at $103.28.)

Cramer told another caller that natural gas and oil do not trade together. While oil is at an all-time high, natural gas is at a multi-year low, he said. This is because there is too much natural gas right now; however, if there is a hurricane Cramer believes the price of natural gas will spike up.

If people believe there is going to be a vicious hurricane season then they want to be in Southwestern Energy ( SWN), he said, adding that the stock has dropped to $30 and has a major position in Texas' Barnett Shale, perhaps the country's largest natural gas field.

When a caller inquired about whether Apple ( AAPL) has bottomed out or not, Cramer said that while the stock is down 30 straight points from January, it is still up 50% from where it was a year ago.

Cramer believes Apple will be coming out with a lot of new products for Christmas. Also, since Vista is late with coming out for Microsoft ( MSFT), which he owns for his charitable trust, Action Alerts PLUS , he said he believes Apple will have leg up in the back-to-school and Christmas season.

Cramer advised the caller to wait for Apple to report its quarter before buying the company's stock. He said to wait and buy later for a strong second half of the year.

Dow Chemical ( DOW) is a stock Cramer believed would go up, he said.

Since last year, natural gas prices have been cut by two-thirds and so Cramer thought the raw cost for Dow Chemical would go up. However, as it turns out business has not been great for Dow Chemical.

Cramer said the stock is still cheap and he wouldn't flee, however he wants his listeners to understand that until the housing market goes up, Dow Chemical is stuck in the mud

When a caller asked about TD Ameritrade ( AMTD), which Cramer owns for his charitable trust, Action Alerts PLUS , he said he is worried about it.

Although the downside is somewhat minimal, he said it has been a disappointment and he is waiting for it to go higher so he can lighten up on it.

eBay ( EBAY) is a company that has over-promised and under-delivered and Cramer said he does not believe its stock is going up. He said it does not have a good risk/reward, and he recommended staying away from it.

Applebee's ( APPB) has had a series of very disappointing numbers and the restaurant chain is not as good as it used to be, Cramer told a caller.

Even though the company's sales numbers are mediocre, he said with the right management he believes the company could turn those numbers around.

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 Microsoft and TD Ameritrade.

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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