National Oilwell Varco (NYSE:NOV): Cramer hails NOV as a buy "right here, right now," since the company has a "sanctioned monopoly" on the oil rig business and is printing money "like the U.S. Mint." Cramer predicts that NOV, which rose $4 to $64 on Tuesday to reach $70 "in a heartbeat."
FedEx (NYSE:FDX) and UPS (NYSE:UPS):Cramer comments that this "best in show" stock is rather inexpensive and that it will profit from UPS' difficulties. He predicts that the stock will rise 30% from $114.
Countrywide (CFC):On the news of bankruptcy in the subprime lending sector, Cramer would buy best-of-breed CFC which should sieze market share.
Seeking Alpha publishes a summary of Jim Cramer's stock picks every day including: Mad Money Recap, Lightning Round, Stop Trading and Wall Street Confidential.
Get Cramer's Picks by email -- it's free and takes only a few seconds to sign up.
Seeking Alpha is not affiliated with CNBC, Jim Cramer or TheStreet.com