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Jim Cramer's 'Stop Trading!': Buy Gold

TheStreet.com Staff

Cramer also offered up a couple stocks for viewers to consider. "I wish Helmerich & Payne (HP Quote) weren't at a 52-week high." He said he is also looking at Nabors (NBR Quote).

Cramer recommended that viewers "ring the register on hot stocks." He said he believes the agriculture sector, which includes Monsanto (MON Quote) has cooled, but after a "monster rally" in financials, "I would take a little Citi (C Quote) off the table." He also advocated selling Washington Mutual (WM Quote). He said he expects more short-seller "raids" on the sector soon.

Presidential candidate Hillary Clinton will appear on Cramer's "Mad Money" tonight, and Cramer discussed some information he'd gleaned from his interview. "She is backing away from her anti-NAFTA position. She's trying to become more business-friendly," he said.

Cramer offered a bearish take on Alcatel-Lucent (ALU Quote). Of CEO Patricia Russo, Cramer said he couldn't believe she had appeared on CNBC earlier that day. "She seemed so unenthused," he said. He expressed incredulity at the failure of the merger of Alcatel and Lucent. "You put one and one together and you got 0.97?" he quipped.

"The company has nothing. They have no technology. Enough," Cramer said. He said that Sony Ericsson, a joint venture between Sony (SNE Quote) and Ericsson (ERIC Quote), is "equally challenged.

"The only one I would buy in this group if you put a gun to my head it is Nokia (NOK Quote)," Cramer said.