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Stocks discussed on Cramer's Stop Trading! TV Segment, Wednesday July 29.

ConcoPhillips (COP). Valero Energy (VLO), CIT (CIT), Buffalo Wild Wings (BWLD), Brinker (EAT)

Earnings among refiners were "horrible," and ConcoPhillips was the worst in the group. "This is a company that has to rethink itself,” Cramer said of COP, “because this was just an awful quarter.”

Cramer thinks CIT's troubles will mean stronger companies like Brinker and Buffalo Wild Wings that require CIT's financing are potential plays. "I like this trade," said Cramer.

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