Jim Cramer's Real Money Radio Recap 7/25

Recap of Jim Cramer's radio show on Tuesday July 25.Click on a stock ticker for more analysis:

“One-Day Bull Markets” - Cramer says that, currently, the market is so volatile that we are living in the era of the “One-Day Bull Markets” and it is virtually impossible for the average investor to keep up with these sporadic trends. Cramer suggests having reasonable expectations, and not to be disappointed about going up 50 and down 30. "That's sustainable ... unlike what we have now."

Halliburton (HAL), Shaw Group (SGR), Jacobs Engineering (JEC), McDermott International (MDR), Fluor (FLR), Foster Wheeler (FWLT), URS (URS), ABB (ABB), and Nabors (NBR) - Cramer expresses confidence in infrastructure plays, such as HAL, even though the sector has taken a beating, but adds that it will take some time before these stocks turn around. When Shaw declined, the rest of infrastructure was taken down as well. Cramer sees some hope in Jacobs, which predicts 30% growth and is up 8 points. Cramer says that MDR is “a fine company” but is a bit costly, and calls FLR, which is down to $86 from a $103 high, “the premier, big daddy of infrastructure." Cramer owns FWLT, whose performance has been slow, URS, a waste management company, and ABB, the largest construction company in Europe. Cramer thinks that NBR is too cheap to ignore and that it is down only because natural gas has fallen.

Bullish calls:

Altria (MO) and Kraft Foods (KFT): Cramer said that MO reported a good quarter, in spite of the fact that cigarettes are becoming less popular, and expects the stock to jump to $100 when it spins off KFT.
Oregon Steel (OS), U.S. Steel (X), and Nucor (NUE): Cramer notes that these companies reported good numbers, but that there might be some volatility. He suggests getting in before the next reports are released.
General Motors (GM): Cramer touts GM as a comeback stock, because it has revamped its management and has fixed its balance sheet, and with some help from Kirk Kerkorian.
Goldman Sachs (GS): Cramer says he owns GS because it is an institutional bank, sells at a low 8 times earnings, and is not involved with retail banking.
Microsoft (MSFT): Cramer recommends patience with MSFT, which is going to release Vista, a new operating system. He adds that those who stick with MSFT will be rewarded.

Neutral/Bearish calls:

Legg Mason (LM): Although Cramer likes LM, the company missed its numbers, which is disastrous for a money-management business.

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

Get Cramer's Picks by email -- it's free and takes only a few seconds to sign up.