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Lightning Round: Caterpillar, Peabody Energy, Ford and More

Caterpillar : Cramer has liked this name for years, and he's not going to cut and run now. He's a buyer of CAT.

Peabody Energy : Coal and oil are all going down, but Cramer said there is a coal super-cycle going on right now and BTU is the best. He thinks it's a buy right here.

Enterprise Products Partners : The "Mad Money" host said this "really good" company's stock is dirt cheap, and he likes master limited partnerships. But traders must be aware of the negative chatter about MLPs losing tax breaks, and thinks its probably not done going down.

Philip Morris International : This is one of Cramer's favorite stocks, he said, even though he doesn't like tobacco.

USG Corporation : This is the "quintessentially wrong stock right here," Cramer said. While some may think at this price you can't miss, he thinks it could go below $5.

Ford Motor : The first stock people sell when going into a recession is car companies, Cramer said, no matter how well they are doing. And since a vast majority thinks we're going into a recession, none of the big institutional money managers will buy Ford, he said.

Call Cramer: 1-800-743-CNBC

When this story was published, Cramer's charitable trust owned Caterpillar.

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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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