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

Stock quotes in this article: HP , NBR , MON , C , WM , ALU , NOK  

Buy gold, Jim Cramer said on CNBC's "Stop Trading!" segment Wednesday.

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.

  • Loading Comments...
  •  

SHARE:

  • email
  • print
  • comment
  • digg
  • delicious
  • linkedin
At the time of publication, Cramer had no positions in any of the stocks mentioned.

Jim 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. Watch Cramer on "Mad Money" weeknights on CNBC. Click here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click here to order his 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." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here.

TheStreet.com has a revenue-sharing relationship with Traders' Library under which it receives a portion of the revenue from Traders' Library purchases by customers directed there from TheStreet.com.





Connect with TheStreet

Dow Jones S&P 500 NASDAQ 10-Year Note
10,406.96 1,109.30 2,197.85 33.31
Oil *
78.75
UP
136.49
UP
15.82
UP
29.97
DOWN
0.98
10 Yr
3.33%
SPDR Gold
111.63
+1.33%
+1.45%
+1.38%
-2.86%
Data delayed 20 minutes

Brokerage Partners

TheStreet Premium Services

All Services