National Oilwell Varco Inc. (NOV), the biggest U.S. maker of oilfield equipment, will rise because of the first oil-rig shortage in 25 years, Jim Cramer said on his ``Mad Money'' television program on CNBC.
National Oilwell may gain as much as 18 percent because of the shortage, which caused Exxon Mobil Corp. and Indonesia's state oil company PT Pertamina to delay drilling at the $2.6 billion Cepu project until early next year, Cramer said.
The stock, which is more than $12 below its 52-week high of $77.60, is ``an egregious example of injustice in the market,'' said Cramer, a market commentator and former hedge-fund manager.
NuVasive Inc. (NUVA), a maker of medical devices for spinal problems, may advance because demand for ``minimally invasive'' spinal procedures is growing 10 percent annually as the U.S. population ages, he said.
Shares of the company have fallen 19 percent since NuVasive lowered its sales forecast in February. The company also has a product pipeline that will cause revenue to increase, he said.
Avaya Inc., the largest U.S. maker of office-telephone systems, may increase as it takes market share in the Voice-Over- Internet Protocol industry away from Cisco Systems Inc. (CSCO), Cramer said. Within the last year, Avaya received 23 percent of orders from companies adding so-called VoIP telephone service, up from 11 percent a year earlier.
General Communication Inc. (GNCMA), an Anchorage, Alaska-based telecom-services provider, may advance on growth in the telecommunications industry, Cramer said.
Cramer recommended UnitedHealth Group Inc. (UNH), Cisco Systems, F5 Networks Inc. (FFIV), Cia. Vale do Rio Doce and Corning Inc. (GLW) in response to questions during the show's ``Lightning Round'' segment.
Investors should buy some shares of Brocade Communications Systems Inc. (BRCD), and should buy more if they fall, Cramer said. Marvell Technology Group Ltd. (MRVL) should be bought if it falls a couple dollars, as should National Beverage Corp. (FIZZ), he said.
Cramer also recommended Finisar Corp. (FNSR) if it declines to $4.25, or 6.2 percent less than the stock's $4.53 closing price today.
Cramer said he owned UnitedHealth Group for his charitable trust.
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