Thaman was also bullish on rising interest rates, saying the trend will likely bring more buyers to the market before rates go even higher. Borrowing money at 4% and buying a home that's rising in value by 10% is still a great deal, he noted. Thaman was even bullish on China, where competitors have slowed their expansion and are waiting for demand to catch up to supply. Cramer called Owens Corning a great American company and said when a company announces a shortfall and the stock doesn't go down, well, that should tell you something.
Action Alerts PLUS -- until today, when the company reported terrific earnings. Also in the bull camp were Radian Group ( RDN), Krispy Kreme ( KKD), JDS Uniphase ( JDSU) and Blackstone Group ( BX). Even pharmacy benefit manager Catamaran ( CTRX) was still a buy in Cramer's book. Among the losers, Cramer said he was disappointed by Compuware ( CPWR), but VirnetX ( VHC) was the biggest loser, down 48% since the recommendation.