'Fast Money' Recap: Up on the Farm

Tim Seymour said that Bunge (BG - Cramer's Take - Stockpickr) will benefit if Congress extends the farm bill. He agreed with Najarian that the ag sector continues to rally.

The Oracle Speaks

Warren Buffett announced today that he was increasing his stake in Kraft (KFT - Cramer's Take - Stockpickr) and Burlington Northern Santa Fe (BNI - Cramer's Take - Stockpickr). Shares of both companies rallied on the news.

Adami pointed out that Burlington Northern was at a 52-week high before the Buffett news, and he says it's still a buy on a valuation basis.

Macke said that it seems like every super-inverstor owns Kraft. He said there will be plenty of time to follow the whales, but viewers shouldn't chase the stock higher.

Icahn in Action

Billionaire investor Carl Icahn announced he was buying shares of Amylin (AMLN - Cramer's Take - Stockpickr). Shares of this company also rose. Najarian said the pharma company is one of his favorite names. He said the company is very well run. He also recommended Isis (ISIS - Cramer's Take - Stockpickr).

Research In Motion (RIMM - Cramer's Take - Stockpickr) is coming out with a touch-screen BlackBerry. Najarian said he loves the RIM story and believes that smartphone competitor Apple (AAPL - Cramer's Take - Stockpickr) can coexist with RIM. He said that Apple's Macintosh computers provide the real story for the company.

He also said Cisco (CSCO - Cramer's Take - Stockpickr), Juniper (JNPR - Cramer's Take - Stockpickr) and AT&T (T - Cramer's Take - Stockpickr) are ways to play the news.

Macke said that RIM and Apple stocks were working because the companies are executing well. He told viewers not to buy stocks on product hype but rather because they are performing.

Carl Icahn sent a letter to Yahoo!'s (YHOO - Cramer's Take - Stockpickr) board saying it acted irrationally when faced with a takeout offer from Microsoft (MSFT - Cramer's Take - Stockpickr).