Jim Cramer's Stop Trading! Stock Picks and Comments 7/6

Recap of Jim Cramer’s comments on Stop Trading! Thursday July 6. Click on a stock ticker for more analysis:

Home Depot (HD): Cramer believes that people are being too hard on this stock and CEO Bob Nardelli, who is responsible for turning the company around. With 20% earnings growth and a price-to-earnings ratio of 12, Cramer says "that's one cheap stock!" He would sell Lowe's (LOW) and buy HD.

Gilead (GILD), Amgen (AMGN), Biomarin (BMRN), Celgene (CELG), Genentech (DNA) and Cephalon (CEPH): Cramer detects a "stealth rally" in the biotech sector, where investors are shopping for defensive plays rather than in big pharma. The exception is Celgene, which is expected to give a negative report after its hearing on Sparlon.

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