Jim Cramer said on CNBC's Mad Money that he wouldn't buy Transocean LTD RIG because when crude oil is trading low it is a much better idea to own stocks like Royal Dutch Shell plc (ADR) (NYSE: RDS-A) or Schlumberger Limited. SLB. Traders should buy highest quality, not the lowest quality names.
Cramer thinks that Mylan Inc MYL is an excellent company and it is a right place to be.
The auto stocks are in trouble and Cramer can't recommend owning them. He is not a buyer of Honda Motor Co Ltd (ADR) HMC despite weaker yen.
Before he makes a decision about Rally Software Development Corp RALY, Cramer feels that he needs to do some more research.
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