Mad Money

Cramer: A 'Very Cheap' Oil Stock

Starting off Tuesday’s Stop Trading!, Cramer explained to viewers the need for more 3-D movie theatres given the tecnology's recent resurgence.

“This group is on the move," Cramer said.

And he said the  “movie business has gotten very good” even though people seem to think the opposite is true. His favorite play here is Cinemark Holdings. CNK has a yield of 4.8 percent, good fundamentals and the stock right now is inexpensive.

Stop Trading, Listen to Cramer!

Bank of Americareported it increased the number of modified mortgages for its customers in the past month. That means fewer homeowners will default on their loans. And Cramer said the technicals are aligning with the fundamentals, so he thinks BAC “deserves to have this rally.”

Lastly, oil-services company Transocean is a stock that Cramer thinks is “very cheap” right now. Plus, RIG is the only “one that has the real capacity to drill in hard-to-get places,” Cramer said, which is especially important given that new reserves are more difficult to tap.

Cramer's charitable trust owns Bank of America.

Call Cramer: 1-800-743-CNBC

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