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Lightning Round: Transocean, J. Crew, Progress Energy and More

Corning : Don’t buy, Cramer said.

Huntington Bancshares : As much as Cramer likes this regional bank, “The banking group is really not good right now,” he said. So anyone who wants to own these stocks for the longer term have “to be willing to take some pain” in the short term.

Allegheny Energy : “Not my favorite,” Cramer said. Go with Exelon , FirstEnergy , Duke Energy and Progress Energy are all better than AGE.

Transocean : Cramer likes Weatherford International more than RIG.

J. Crew Group : “I think retail’s overdone to the sell side,” Cramer said. He’s bullish on JCG.

When this story published, Cramer’s charitable trust owned Weatherford International.

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