Lightning Round: GM, Oshkosh and More

Smart Balance : Cramer’s not a fan. Stick with a name like Pepsi , he said.

Parametric Technology : If you want to be in the software stocks, Cramer recommends BEA Systems .

General Motors : The UAW should have gone after someone else, Cramer said, because GM is “sticking it to them.” The company is a powerhouse, and Cramer recommends keeping an eye on it, then buying aggressively when the stock comes in.

DirecTV : Cramer likes DTV, but his favorite satellite play is RRSat Global Communications .

Zumiez : “Have you been to one?” Cramer asked. “The place is rockin’!” ZUMZ has the momentum and it has the merchandise, he said. It’s a “hot play in a hot market,” and he endorses it even at its 52-week high.

Superior Offshore : Along with NYSE Euronext and Sears Holdings , DEEP is an example of a good company with a terrible stock, Cramer said. That said, he still is holding onto the faith that all three of these companies will come back.

Oshkosh : This truck manufacturer has an “ideal combination” of emergency and defense vehicles, but Cramer is sticking with his favorite defense name: Northrop Grumman, followed by Lockheed Martin .

Cisco Systems : The stock is going the speed limit, Cramer said, and it’s not going to get a ticket. If CEO John Chambers can come out and say he’s bullish, Cramer is bullish, too.

GMX Resources : Cramer is a believer in natural gas going higher. Stay long nat gas, he said, and GMX is a “fine” way to do that.

Siemens : Despite recent losses, SI is a high-quality company, Cramer said, and it’s too cheap to be forgotten. Also: “Germany is coming back.”

Parker Drilling : “This is the worst driller in the world,” Cramer said. “Step up to the plate and buy some quality!” He recommends Transocean, Schlumberger or Halliburton .

Assurant : This one is boring, Cramer said. He prefers Prudential and Metlife .

Jim's charitable trust owns NYSE Euronext, Sears Holdings and Transocean.

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    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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