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Jim Cramer's Stop Trading! Buy Wynn
09/04/07 - 02:53 PM EDT
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Investors wanting to play Chinese economic growth should buy Wynn Resorts WYNN, 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 said acquisitive big Chinese oil companies could eventually cast an eye toward Halliburton HAL, Anadarko APC and Apache APA, which have strong Gulf of Mexico holdings. Similarly, he said Motorola MOT might be a natural target for China Mobile CHL.
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