Lightning Round: AT&T, Apache, Transocean and More

Ingersoll Rand : It’s getting sold off along with anything else that’s industrial, but Cramer called IR a great American company that he believes in.

Qwest Communications : Sell it, Cramer said, and pick up some AT&T.

American Apparel : Cramer has hated this stock ever since it came public.

AerCap Holdings : Airplane leasing is a terrible business, Cramer said.

FEMSA : This Mexican beverage maker is in a “good situation,” Cramer said.

Transocean : If the driller breaks $140, Cramer would immediately pick up a quarter of a position. This is one to buy on the way down, he said.

Apache : Cramer would buy Apache tomorrow. Natural gas is here to stay, even if the market takes these stocks down from time to time.

Questions for Cramer?

Questions, comments, suggestions for the Mad Money website?