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Jim Cramer's Stop Trading! Sell ADM

06/05/07 - 02:51 PM EDT

TheStreet.com Staff

Buy General Dynamics (GD - Cramer's Take - Stockpickr) as a "cold war play" with China, Jim Cramer said Tuesday on CNBC's "Stop Trading!" segment.

Cramer said he still believes the Fed will cut interest rates this year and that despite a recent rise in interest rates, it's "too early to make the conclusion" that a tightening is now possible. Cramer said weak U.S. economic growth will finally get the Fed off the sidelines.

Cramer said sell Lamar (LAMR - Cramer's Take - Stockpickr) and ADM (ADM - Cramer's Take - Stockpickr), where "the wheels have fallen off." Cramer said he mistakenly thought ADM was well-enough-represented in Congress that it would start showing progress, but "I got this wrong."

At the time of publication, Cramer had no position in 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.

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