NEW YORK ( TheStreet) -- ConocoPhillips ( COP) "has to rethink itself," said Jim Cramer on CNBC's "Stop Trading!" segment on Wednesday. "This was an awful quarter. I can't defend it." He said that he's liked the company before, and he'll take another look if it goes to $38. But based on its quarter, he thought it was "the worst of the integrateds." Valero ( VLO) also had a "horrible quarter," he said. After reading a Tampa Bay Tribune article about the troubles faced by CIT ( CIT) client Beef O'Brady's, Cramer recommended buying its competitors, such as Buffalo Wild Wings ( BWLD). He also mentioned DineEquity ( DIN) and Brinker ( EAT). People who bought Bed Bath & Beyond ( BBBY) off Linens 'n' Things ended up making money," he said, and the same for those who bought Best Buy ( BBY) off of Circuit City's demise. --Rebecca Corvino is based in New York.