Stop Trading!
Jim Cramer's 'Stop Trading!': Buy Deere
03/25/08 - 03:05 PM EDT
Buy Deere DE, Jim Cramer said on CNBC's "Stop Trading!" segment Tuesday. Cramer pointed to the stock's continued rise as evidence that he's right. "You know why?" he said, "Because the fundamentals trump the analysts." He praised CEO Robert Lane for "making great inroads" with the company. Of sector rival Agco AG, Cramer said, "I gotta tell you. I think Deere is coming for them. ... I like Deere and I like DuPont DD." Cramer said he liked the stock market's performance today, "given the fact that consumer confidence's been bad." He said he's worried about big gains in Research In Motion RIMM, a company he recommended on Monday's "Stop Trading!" segment. "I still like Apple AAPL, but I don't have a strong thesis on Apple other than I believe in the iPhone," Cramer said. In the investment management space, Cramer was bearish on Fortress Investment Group FIG "I have Wes Edens in my hall of shame," Cramer said. "Everything they've touched has turned to stone. This is a castle in the sand." Cramer also said he disapproved of Citigroup C CEO Vikram Pandit. "What's Pandit doing?" he asked. "Sometimes you've got to take bold action. ... The last four acquisitions that Chuckie Prince did, I would just unwind them."
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