Cramer's 'Stop Trading': Alliant, Monsanto
NEW YORK (TheStreet) -- Jim Cramer declared, during his Stop Trading segment on CNBC, that American bankers wanted a piece of Dubai World's business, "but were gunshy" because of its ties to Iran.
Cramer said "it's funny that the bankers there [in Europe] are more careless than ours," but still managed to dominate the market there, Cramer said during his Stop Trading segment on CNBC. "They had no credibility, the European bankers," Cramer said. Apparently, headlines that dominated newspaper coverage in Dubai as the Dubai debt crisis unfolded were of Afghanistan's cricket team beating the Emirates.' "I heard it might be a legitimate country," Cramer said. In thinking on how to profit on that, Cramer thought of Alliant Tech(ATK), which he knows has gotten a lot of orders from the surge in Afghanistan. "I'm thinking of how to profit from it, I'm think whether it's right." Afghanistan, a mineral-rich country, has a big mine that Freeport McMoRan(FCX) lost to a Chinese company, for one. But Cramer said Freeport has a big mine in Cuba already, and if it ever opened up, investors would rush in to buy Freeport shares.TheStreet Premium Services For Personal Service: 877-471-2967
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