BA) machinist strike. "They've got to settle this strike by Nov. 1. It's really starting to impact earnings." Cramer said the strike puts "unbelievable pressure" on the stocks of companies involved with Boeing, such as Honeywell ( HON), Precision Castparts ( PCP) and Eaton ( ETN). Next, Cramer recommended Best Buy ( BBY). "Everyone just thinks that whatever strategy Circuit City ( CC) has is going to work," he said. "Eventually, these strategies don't work." Best Buy might be feeling the pressure right now, he said, but it just gets "more tempting" the lower it goes.
Cramer said it was "very interesting" that Morgan Stanley upgraded Transocean ( RIG)from sell straight to buy, bypassing hold altogether. "You can't cancel giant Brazilian contracts," he said. "It doesn't work like that."