Jim Cramer's Stop Trading! Stock Picks and Comments 7/5

Recap of Jim Cramer’s comments on Stop Trading! Wednesday July 5. Click on a stock ticker for more analysis:

J.C. Penney (JCP): Cramer thinks that this company, which has taken a beating, will report excellent same-store sales on Thursday, and will see their stock rise as a result; "That could be the only one where you could get a significant numbers bump to the upside," he said.

Nucor (NUE) and Mittal (MT): Cramer cited an interview with Nucor CEO, Dan DiMicco, in which he said that, following Mittal's acquisition of Arcelor, every steel company is "fair game" for a takeover. Cramer notices that big steel companies are trying to form a "gigantic oligarchy" and that investors should keep an eye on the sector, although he considers Nucor to be a potential purchaser rather than an acquisition.

Valero (VLO): Cramer believes that this refining stock will benefit from industry's tight capacity, " ... On any outage, Valero goes to a 52-week high."

iPass (IPAS): Although Cramer admits "I don't see the allure..." the fact that Stanley Gold's Shamrock Capital is an investor in iPass makes him more interested in the stock.

Visteon (VC) and Dana (DCN): Although Cramer is not personally interested in these stocks, hedge fund interest makes up for a lackluster financial picture. "These things have traction," he says.

More: Cramer's latest stock picks, including: Mad Money Recap, Lightening Round, Stop Trading and his Radio Show.