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

TheStreet.com Staff

Buy Starbucks (SBUX Quote), Jim Cramer advised on CNBC's "Stop Trading!" segment Friday.

Cramer predicts that "in 15 months Starbucks will be substantially higher." He likened the coffee chain to McDonald's (MCD Quote) when that company was turned around.

Friday marked the one-year anniversary of Cramer's infamous "they have no idea!" rant of the Fed and the economy. As for where we stand now, Cramer said he believes the bottom is in and we will not go below the July 15 lows.

Moving on, Cramer said, "I just think things are better," referring to Wachovia (WB Quote), moving from $8-$9 to $18-$19 on "takeover rumors."

In health-care stocks, Cramer said he "can't find a pipeline," that is intriguing and he "could not find one reason" to buy Biogen (BIIB Quote).

Cramer said he sold some of Schering-Plough (SGP Quote) position for his Action Alerts PLUS charitable trust, he thinks "it's great," and "people like this stock."

Discussing Under Armour (UA Quote), Cramer said "now, it's an inexpensive stock" and "I no longer want to sell this." He said that it was overvalued and he now believes it is bottoming.

A brief mentioning of Crocs (CROX Quote) prompted Cramer to say it is "completely and utterly finished," and it reminds him of boy-band, Hanson.