Jim Cramer told "RealMoney" Radio's first caller Thursday to not buy Lucent ( LU), saying management lied to him about the health of their balance sheet.

But Cramer said that he still likes First Data ( FDC), even though the stock is down.

He was originally bullish on the stock because the company had plans to spin off its Western Union division. But during its conference call, the company said that Western Union use is waning as President Bush and the public focus on immigration.

This has hurt business at Western Union, which many Americans use to send money overseas, but the issue of immigration and illegal immigration will drop from the headlines, Cramer said. This could be a buying opportunity -- a six-month buying opportunity, he said.

Consolidated Edison ( ED) is a good play in a slowing economy because utilities companies can pass through any raw cost increases onto the consumer, Cramer said.

Rackable Systems ( RACK) is a decent company, but its multiple is too high to make it a buy, Cramer said. He wouldn't touch it before it reports its quarterly earnings.

He also said that he would buy more Hudson City Bancorp ( HCBK).

Cramer said he was shocked when UPS ( UPS) missed the numbers as badly as it did, and that if he had to own a company in that sector he would choose FedEx ( FDX) because it's a better-run company.

He also said that he would rather buy Colgate ( CL) or Procter & Gamble ( PG) over Dow Chemical ( DOW).

Coke ( KO) is now one of Cramer's "anointed" stocks, and he said it should have its first big run in five years. Management is very good, he said, and he believes it will inch its way up from $44 to $50

Finally, while AstraZeneca's ( AZN) stock is lower, Cramer said the fall is a case of people ringing the register and that it's a good opportunity to buy.

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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