Jim Cramer's Real Money Radio Recap 7/26

Recap of Jim Cramer's radio show on Wednesday July 26. Click on a stock ticker for more analysis:

News not Fit to Print: ConocoPhillips (COP), BP (BP), UPS (UPS) - Cramer warns investors against paying attention to the headlines, citing a story in USA Today's business section that explained Tuesday's rally in terms of lower oil prices. Cramer says the opposite happened, and that COP and BP's earnings jumped, while UPS fell because it will be affected by higher prices at the pump.

On the Road Again with General Motors (GM) - This company was struggling under the burden of high healthcare benefits, poor cars and sluggish sales, until Jerry York took the helm, the executive who was responsible for IBM's (IBM) comeback. Cramer sees good days ahead for GM and advises investors, "Hold onto GM if you have it. Buy it if you don't."

Off the Books: Amazon (AMZN), Borders (BGP), and Barnes & Noble (BKS) - Amazon has been down since it announced that it needs large expenditures to take care of business. Cramer prefers BGP and BKS, which do not need that kind of maintenance.

Bullish calls:

Nabors Industries (NBR): Cramer rebelled against the market and bought this cyclical play.
Chesapeake (CHK): Cramer suggests getting ahead of the game and buying this "best in show" stock, which will benefit from a rise in natural gas.
Sears (SHLD): This is one of Cramer's favorite long-term stocks.
Amgen (AMGN) and Apple (AAPL): Cramer is bullish on these companies.

Neutral/Bearish calls:

Panera Bread (PNRA): Cramer says this company's executives made the faux pas of saying that they do not expect further growth, in spite of a good quarter. While the statement may help PNRA reach lower estimates, Cramer says that it sounds as if the company does not believe in itself.
Wynn Resorts (WYNN), Urban Outfitters (URBN) and Amylin (AMLN): Cramer says to stay away from these pricey stocks.

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

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