Play the Other Half of the Carbs Trade

The heat's off American Italian Pasta (PLB - commentary - Cramer's Take) and the heat is on Corn Products International (CPO - commentary - Cramer's Take). We know the latter; Corn Products blew up big-time last night. High-fructose corn syrup -- of course!

So maybe it is time to buy the former?

We know that Panera Bread (PNRA - commentary - Cramer's Take) is on a major roll post-Atkins. But this American Italian Pasta has done very little, given that it has a huge short ratio, a great dividend and has lost the low-carb headwind.

I only point it out now because, as obvious as it seems that there is a move out of fructose and into carbs, I see only one portion of the trade being done: the selling of Corn Products.

It is just too logical not to believe that the other, the American Italian Pasta, side will occur, too, with these terrific comp numbers from Panera presaging things.

By the way, Whole Foods (WFMI - commentary - Cramer's Take) works if AIP's too complicated for you.

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Please note that due to factors including low market capitalization and/or insufficient public float, we consider American Italian Pasta to be a small-cap stock. You should be aware that such stocks are subject to more risk than stocks of larger companies, including greater volatility, lower liquidity and less publicly available information, and that postings such as this one can have an effect on their stock prices.

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James J. Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS by clicking here. While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column to [e-mail]. Listen to Cramer's RealMoney Radio show on your computer; just click here. Watch Cramer on "Mad Money" at 6 p.m. ET weeknights on CNBC. Click here to order Cramer's latest book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict."