Jim Cramer's Real Money Radio Recap, Oct. 16

Recap of Jim Cramer's radio show on Friday October 13. Click on a stock ticker for more analysis:

JLG Industries (JLG),W.W. Grainger (GWW), Eaton (ETN), Wrigley (WWY), Clorox (CLX), Fluor (FLR), General Mills (GIS), Schering-Plough (SGP) and Johnson & Johnson (JNJ) - Although many expect the sector to do poorly, "out of nowhere, industrial stocks are going crazy," Cramer observed. He added that commercial industrials are not being brought down by association with housing or autos. He likes JLG which received a bid, GWW and ETN and told investors not to worry if there is a "down day" this week because of options expiration. The cause of the rush in the economy was the peaking of gas and oil which prompted investors to abandon stocks like WWY and CLX and flock to industrials. "A stock like Fluor has gigantic upside, whereas the upside in General Mills is nonexistent" says Cramer who comments that it's not too late to get into SGP and JNJ because they "just keep powering higher and higher."

Liz Claiborne (LIZ) and VF Corp (VFC) - Cramer noted that LIZ's move to hire a pharmaceutical executive as head of its apparel business means a buy for its competitor VFC which he has liked for a long time because "of its ability to take brands that are boring, slow ... and VF-izing them." In spite of the fact that VFC is up Cramer saysthat it is worth buying a stock if its competitor is in trouble.

Bullish calls:

Intel (INTC): Cramer believes that Intel will report "a fine number" and will boost tech.
Google (GOOG) and Sears (SHLD): Cramer is bullish on these two companies and says that owning even one or two shares is worthwhile.

Neutral/Bearish calls:

Wachovia (WB), Wells Fargo (WFC) and Washington Mutual (WM): Cramer believes that this is the prime time for financials and told a caller not to judge the entire sector by the performance of WFC or WB which reported a "disappointing" number. He says that WB reminds him of WM which he would pick up if it gets hit.
Advanced Micro Devices (AMD): Although he has made a profit from AMD, Cramer comments that the stock is down and predicts that Intel will be more successful.

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

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