Jim Cramer's Real Money Radio Recap 7/11

Recap of Jim Cramer's radio show on July 11. Click on a stock ticker for more analysis:

Hurricane "Insurance": Nabors (NBR), Southwestern Energy (SWN), Grey Wolf (GW) and Chesapeake Energy (CHK) - Cramer lists three stocks that are down, but will rise during the hurricane season because of the increased demand for natural gas in a disaster. Both Nabors and Southwestern have declined by 19% and GW is only half a point from its low. However, Cramer believes these stocks are coiled springs. Cramer doesn't like CHK, because it keeps issuing stock.

Patience is a Virtue: TD Ameritrade (AMTD) and Seagate (STX) - Cramer was concerned because AMTD kept going down until Bank of America ruled out a shortfall for the company. Cramer is glad that he decided not to flee, because he made some money, and he believes that the stock is a buy. He uses this example as a caution against panic-selling. However, Cramer does not see any reason to stick with Seagate.

Low Earnings and the Antidotes: Alcoa (AA), Advanced Micro Devices (AMD), EMC (EMC), 3M (MMM), Lucent (LU), Consolidated Edison (ED), Exelon (EXC), Coca-Cola (KO), Celgene (CELG), Pepsi (PEP) and GlaxoSmithKline (GSK) - Cramer discusses companies which are suffering from sluggish earnings, but blames Alcoa's sudden drop on its CEO, who, according to Cramer, is "a stock killer. He laid out a bearish scenario." AMD warned of a price war with Intel (INTC), and both EMC and MMM reported that they would be unlikely to meet earnings estimates. Cramer doesn't like Lucent generally, which has been consistently going down. Cramer prefers food and drug stocks as well as plays that are counter-cyclical, such as Consolidated Edison, Exelon, Coca-Cola, Celgene, Pepsi and GlaxoSmithKline.

Three Cheers for Sears (SHLD) - Cramer praises Sears, which has been holding strong, while its competitors, such as Home Depot (HD) and Lowe's (LOW) have been going down. In spite of losing a bid to takeover Sears Canada, the company hasn't lost footing thanks to its buyback strategy, according to Cramer. Sears is the 3rd largest retailer after Wal-Mart (WMT) and Target (TGT) and, thanks to buybacks, its management owns 50% of the company.

Bullish calls:

Boeing (BA): This company is the best aerospace play, according to Cramer, who would pull the trigger now.
Qualcomm (QCOM): Although this stock is doing poorly, Cramer would stay with the company.

Neutral/Bearish calls:

Gilead (GILD): Although Cramer usually likes medical stocks in this market, he suggests waiting for Gilead to come down before buying it.
BEA Systems (BEAS): This may be a stock for those who are willing to wait around 6 to 8 months, because he believes that BEAS will go down and eventually come back up.
Titanium Metals (TIE): Cramer does not want to be involved in this sector right now.
Allegheny Technologies (ATI): According to Cramer, the time to cash in on this stock has passed.

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

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