Cramer’s Take: Cramer tells us, “No, it is not too late to buy Dynegy. This stock has been compressed down beyond belief after the very unfortunate pricing of the 97 million shares of DYN that Chevron owned. It was an afterthought for CVX, but I think Goldman ended up lugging a lot because of the market breakdown.” Dynegy is an earnings story, he explains, “If it is a warm summer and there is a lot of power plant usage, you have a good earnings spike.” However, speaking on behalf of the long-term, “it is not an earnings story, it is an asset story, mainly a scarcity asset story. It's not just refineries that are hard to build in this country. People hate being next to power plants. Dynegy has a ton of them, especially after its most recent merger.” Dynegy can make disposals, like the one it did last month, for years and years and years, and all that happens is the plants go up in value as our nation is in need of power. We are a price-taker in this country, as Bruce Williamson, the fabulous CEO, stressed to me on the set of "Mad Money," and that means Dynegy can raise rates with impunity. “This is an amazing moment to buy a stock that was knocked down slowly for technical reasons involving a botched underwriting,” Cramer urges. “I would pull the trigger right here. “

Cramer’s Take: Cramer called a downgrade of FedEx ahead of Wednesday morning's earnings "gutsy," saying it highlights the weakness of the domestic economy. But Cramer cautioned against selling the stock, which is down around 1.5% Monday, because "what worries me is, can you ever get back into FedEx" after a downgrade should the stock resume rising. Cramer makes an example of Bear Stearns, “Bear downgrades FedEx now and will never get back in. Too bad, because it was quality work about the company but not the stock!” He adds, “What's the point of being so negative?” “FedEx tells you, again, the domestic market is weak,” Cramer warns.

Cramer's Take: Cramer likes Cummins and told a ‘Mad Money’ mailer that he believes Cummins is still going higher and he jokingly adds, “I am trying to remember a day when Cummins was down.” He continues, “Companies that have raised guidance again and again, companies like Cummins, still exceed numbers.” Cummins’ impressive numbers will lead the truck industry and carry other stocks like Barnes and s, “based on Cummins', numbers, Barnes' industrial unit should add to the company's earnings” “Cummins says truck engines are huge; go buy Cummins,” says Cramer.

Cramer’s Take: Bearish on Archer Daniels, Cramer insists, “To me, the bottom line is sell all of these ethanol stocks, including ADM, but also Aventine, which reported a decent number last week but nothing that makes it very cheap.” “These Wall Street-created ethanol plays are simply losers and can't be rationalized. What surprises me, though, is that anybody would take this sector seriously after Archer Daniels Midlands. ADM performed so poorly on this ethanol that it assured you there was nothing good happening,” Cramer said. Cramer said sell ADM, where "the wheels have fallen off." Cramer said he mistakenly thought ADM was well-enough-represented in Congress that it would start showing progress, but "I got this wrong."

Cramer's Take: Cramer likes Allegheny Technolo "Next on the list is Allegheny Technologies, which has a total of 94 million shares that trade. The company makes high-tech steel, the kind ethanol needs to be shipped in. Fund managers want to be in this stock, and so should you," Cramer told viewers

Cramer’s Take: “GlobalSantaFe should be acquired by somebody because it has so much business to do," Cramer said. “Moreover, once the private equity firms realize the sustainability of the earnings in the sector, they should come in,” Cramer said. However, he doesn't expect this will happen until the fall But the fact remains that finding oil's become so difficult that you need the help of the major deepwater drillers – GlobalSantaFe along with the service companies Schlumberger -- to find and bring the oil to the market. In a Wall St. Confidential video Cramer says he like GlobalSanteFe for the long-term bullish trend in oil, adding alternative methods cannot compete with oil. Cramer believes people should consider buying GlobalSantaFe ahead of when it reports earnings, because he believes it will have a "blowout quarter."

Cramer’s Take: Cramer said his favorite coal name is Peabody Energy, a stock that was recently down on Goldman's downgrade. He says he would keep buying BTU even though people are betting against coal. Peabody, he said, is "well placed" to supply coal to China and India, with 8% of its reserves in Australia. Plus, China is getting rid of its import tariff on coal, which is good for foreign competitors such as Peabody that want Chinese exposure. Moreover, the stock is "cheap" now and "well behind" where it should be, given the spike in oil, Cramer said. Peabody has been smart, acquiring and divesting itself of different assets to become a "leaner, meaner" coal company, which is what Wall Streeters look for. Further, Peabody has "great visibility," he said, and is set to establish the first coal-to-liquids facility in the U.S. this year. It is the less-risky way to play the technology, Cramer said.

Cramer's Take: Speaking of a recent downgrade, Cramer says, "The firm cut Avis Budget Group saying that travel is down and that fewer cars are being built for rental companies, which will make the cost of buying cars more expensive. "