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

Stock quotes in this article: DD , DOW , BSC  

Buy DuPont (DD Quote) Jim Cramer said on CNBC's "Stop Trading!" segment Friday.

"It's not an expensive stock. I like it very much," Cramer said. He also likes Dow Chemical (DOW Quote) for its dividend yield. "I like stocks that are yielding well," he said. "Everything I'm hearing says rates have to come down, so I like the 5% yield very much."

On news of a government bailout for harried broker Bear Stearns (BSC Quote), Cramer advised investors to look at the company's debt. "You have to believe the debt will be money good," he said. "It's senior to the common stock."

Asked whether Bear could survive, Cramer said, "The book value is X. ... It could be in a takeunder. This is not an FDIC insured business." He said he likes the company and doesn't want to put the final nail in the coffin.

"If you want to speculate, there's a lot of senior debt being seriously sold off right now." He advised against buying the stock itself. "Let's get that whoosh," before thinking about buying, he said.

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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.

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