It's Time for the Lightning Round!
Brocade Communications Systems : "I know you're down 35 cents, and I feel bad," Cramer says. But he still recommends sticking with it, and if goes back to $9, then he would buy more.
Helmerich & Payne : Cramer likes this drilling company, but the problem is that there isn't a great boom in drilling in the Gulf, he says. It might be a good company, but it doesn't keep pace with his two favorites: Halliburton and Transocean , and the runner up, GlobalSantaFe .
Henry Schein : As money comes out of the drug group, it goes into healthcare products, Cramer says, and this is one of those little healthcare companies that aren't related to traditional drugs and drug patents. "If it pulls back, we're giving it the 'buy' to the ninth degree."
Cheesecake Factory : Cramer likes this company and thinks the stock, 10 points off its high, is too low right now. He recommends buying CAKE.
Constellation Brands : "Keep looking, don't pull that trigger! That is a trainwreck!" Cramer cannot believe how disappointing this company has been. If you want to be in spirits, he says go with Diageo .
Amgen : "I am deeply discouraged by the action in Amgen," Cramer says. He repeats his biotech stocks for 2007: Gilead , Genzyme and Celgene .
Akamai Technolgoies : Cramer has been saying he won't recommend tech until late summer, with a few exceptions. Well, even the exceptions aren't faring well. However, Akamai is one of the best companies in the world, he says, but it doesn't matter because tech is just awful. He would buy AKAM, but with the understanding that the sector is performing horribly.
Gerdau : "This is one of the best steel companies in the world," Cramer says. When you're thinking steel, you want to go to Brazil, which is where GGB is located.
LCA-Vision : Cramer doesn't particularly care for this stock or any of the laser vision plays.
Theravance : Cramer has to pass on this stock because he doesn't know it well enough. Rest assured that he will do his homework and get back to it.
Bemis : "This company's ticker might stand for 'buy my stock,' " Cramer says, but he still doesn't want to. "Flexibile packaging is not a great business … I'm still putting it in 'don't buy.' "
Global Sources : Cramer has liked this global trade play. It is four points off its high and still up 46% year-over-year. Cramer would buy it here.
Jim's charitable trust owns Diageo, Transocean and Halliburton.
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