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It's Time for the Lightning Round!

Crocs : The short position remains huge but it doesn’t worry Cramer. Only when there are four major analysts covering Crocs will he say, “don’t buy.”

Yamana Gold : We’re in a deflationary spiral and gold is the wrong thing to buy in these conditions. That said, Cramer still thinks gold belongs in every portfolio.

Precision Castparts : The bull markets in aerospace and defense are back, and PCP is a great way to play both of them, Cramer said.

Goodyear Tire : The pullback was a mistake, Cramer said. He thinks Goodyear is best-of-breed and likes it up to the $32-$33 level.

Intercontinental Exchange : Cramer likes all the exchanges including ICE, NYMEX and NYSE Euronext . They’re all in bull mode – and only NYX is doing badly, he said.

CyberSource : An intriguing name, Cramer said, but he’d rather buy Amazon, which is the “absolute best commerce play going into the fall season.”

True Religion Apparel : This group is hard for Cramer to gauge. “I don’t have a good feeling on True Religion so I can’t recommend it,” he said, but that doesn’t mean it’s necessarily bad, it’s just “too hard for me to fathom.”

Vector Group : Cramer likes Vector, Reynolds and Altria . “Those dividends are for me,” he said. “That’s why I stick with tobacco.”

Jim's charitable trust owns Altria and NYSE Euronext.

Questions for Cramer? madmoney@cnbc.com

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  • Jim Cramer

    Jim Cramer is host of CNBC's "Mad Money" and co-anchor of the 9 a.m. ET hour of CNBC's "Squawk on the Street."

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