NEW YORK (TheStreet -- February's job report, which came in better-than-expected, is a good segue way into buying Paychex (PAYX), which has a 4% yield, Jim Cramer said during Friday's Stop Trading! segment on CNBC.
Cramer also said investors need to start paying attention to Baker Hughes (BHI). The driller increased its U.S. rig count by 23%.
Cramer said the driller is "red hot," and is in a sector worthy of attention. "When you see this demand for drilling, they can raise prices," he said. "Earnings will be through the roof ... analysts are not keeping pace, and estimates are low."
Cramer declared Weatherford (WFT) to be another way to play the oil sector.Cramer says the right time to trade Apple (AAPL) is from right before it announces a new product through when the consumer has the product. Once the consumer has the product you sell, because it is at its peak. Using that method, investors should own Apple from now until April 3, sell the stock right before the iPad hits the market, and then come back in when the press says it wasn't worth the hype, "because they will be wrong." Cramer said the price of the iPad is reasonable and notes that it will have Wi-Fi, so you won't have to tether into AT&T (T). "Corporations are readying for it. This is the biggest product Apple has ever had," Cramer said Shifting sectors, Cramer noted that Temple-Inland (TIN) and International Paper (IP) are wonderful plays on container boards. When container boards are rampant, that means the economy is getting much better, Cramer argued, using it as a sign for the health of the economy. Cramer also said that he is bullish on the economy as rail-card loadings, price of lumber, gold and copper are all going up. "All I ever hear about is everything is because of China," he said. "No, it's not just China. There are a lot of areas in the economy getting stronger." Cramer noted that consumers are now going to Home Depot (HD) and the retailers, and he says that a play on consumer spending where they aren't buying homes or big-ticket items is American Express (AXP).
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV