Oil Service HOLDRS (NYSEARCA:OIH): Cramer says that energy is in a "free-fall zone" and that oil will drop to $62 a barrel. OIH should fall from $131.75 to $125, and Cramer wouldn't even pick it up as a long-term play.
(NASDAQ:TXN), Electronic Arts (ERTS), Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), Cisco (NASDAQ:CSCO), Masco (NYSE:MAS) Fortune Brands (FO), Sherwin-Williams (NYSE:SHW) and American Standard (ASD): Although Cramer expects TXN to report a bad quarter he believes that it will bounce back. He also likes MSFT aggressive buybacks and is bullish on ERTS, AAPL, CSCO, MAS, FO, SHW and ASD.
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.