Jim Cramer's 'Stop Trading!': Bear Market Plays
06/27/08 - 03:54 PM EDT
"This is a true bear market," Jim Cramer told viewers of CNBC's "Stop Trading!" segment on Friday. Oil, gas and gold are all working, and Gilead(GILD Quote - Cramer on GILD - Stock Picks) and Pfizer(PFE Quote - Cramer on PFE - Stock Picks) are up today, which hasn't happened in a long time.
Cramer noted that Procter & Gamble(PG Quote - Cramer on PG - Stock Picks) is selling off once again and is close to its 52-week low. Cramer recommends to "go in and buy" because people always run to stocks with sound fundamentals in a bear market. Cramer also recommends to buy Coca-Cola(KO Quote - Cramer on KO - Stock Picks) but noted there are some inherent risks. The stock "seems right to me and you have to take on some commodity risk," Cramer said. Cramer mentioned Agnico-Eagle Mines(AEM Quote - Cramer on AEM - Stock Picks)(AEM Quote - Cramer on AEM - Stock Picks), which made a move up today. He said doesn't recommend buying the stock, but if you do own it, take some profits off the table. For additional views on the market and investing, check out what the 45+ Wall Street pros of RealMoney have to say. From master investor Jim Cramer to top chartist Helene Meisler, contrarian Doug Kass to markets commentator Vince Farrell, you'll get the 360-degree perspective you need to survive and potentially profit in these tough times. Click here for a limited-time special offer.


