Jim Cramer's Stop Trading! Buy Wynn
TheStreet.com Staff
09/04/07 - 02:53 PM EDT
Investors wanting to play Chinese economic growth should buy
Wynn Resorts (WYNN - Cramer's Take - Stockpickr), Cramer said Tuesday on
CNBC's "Stop Trading!" segment.
Cramer said that Chinese capitalists are "the only true capitalists in the world right now" and that China's rapid growth will eventually make it a buyer of U.S. properties, despite current political friction. Cramer said Wynn is "the best way to play" the emergence of the Chinese investing class, though he also likes Shanghai's
Focus Media (FMCN - Cramer's Take - Stockpickr).
Cramer said acquisitive big Chinese oil companies could eventually cast an eye toward
Halliburton (HAL - Cramer's Take - Stockpickr),
Anadarko (APC - Cramer's Take - Stockpickr) and
Apache (APA - Cramer's Take - Stockpickr), which have strong Gulf of Mexico holdings. Similarly, he said
Motorola (MOT - Cramer's Take - Stockpickr) might be a natural target for
China Mobile (CHL - Cramer's Take - Stockpickr).