Infrastructure Gains: Caterpillar (CAT), John Deere (DE), Cummins (CMI), Ingersoll-Rand (IR) Foster Wheeler (FWLT) - The bounce in the market, as well as a successful shareholders' meeting for Caterpillar, meant good news for the infrastructure sector, and DE, CMI and IR are all buys, according to Cramer. Steel was affected as well, and FWLT is also up.
Aerospace Takes off: Boeing (BA), Honeywell (HON) and BEA Systems (BEAS) - Cramer points out that the market was wrong, and that Boeing is doing well. This means a bounce for companies who makes parts for the aerospace industry, including HON and BEAS.
Think Positive: Network Appliance (NTAP): This company reported a great quarter, but its stock fell %15 suddenly. Many pronounced NTAP finished, but now it is higher than it was after the winning quarter. Cramer says that investors should learn to think postively about good stocks; "if a stock from a good company is getting hit [for no apparent reason] , buy it during the selloff frenzy."
Apple Computer (AAPL): Cramer says not to sell Apple, because it is debt-free and is coming out with new products. The company should benefit from the price war between Advanced Micro Devices (AMD)and Intel (INTC)
Whole Foods (WFMI) and Panera Bread (PNRA):These are Cramer's favorite food stocks right now.
Lowe's (LOW): Cramer gives this stock one thumb up.
Southern Copper (PCU): Cramer is wary of this stock, because it was up 4 points in one day, and recommends waiting for it to drop a bit before buying.
Hansen Natural (HANS): This stock is up 300% from last year and 100% from this year. Cramer says the stock will split and a sell off.
Merck (MRK): Although Merck's drug to fight the papillomavirus was approved by the FDA, and its cervical cancer vaccine shows potential, Cramer believes that the company will be killed in the courts. "Merck is in the hands of the lawyers, not its scientists."
More: Cramer's latest stock picks, including: Mad Money Recap, Lightening Round, Stop Trading and his Radio Show.