Cramer Weighs In On Transocean LTD, Mylan Inc And Honda Motor Co Ltd

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.