Jim Cramer's 'Stop Trading!': Take Some Profits in Coal Stocks
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Take some agriculture and coal off the table, Jim Cramer said on CNBC's "Stop Trading!" segment Friday.
"Fast Money" trader Guy Adami joined Cramer to discuss developments in the coal and agriculture industries. Adami advised investors to jump on Burlington Northern Santa Fe (BNI Quote) at around $85. He also said he likes Trinity (TRN Quote), Wabtec (WAB Quote) and Greenbrier (GBX Quote).
Cramer called Trinity "the quintessential late-cycle stock." He said he likes the coal story, but counseled viewers to take a little off the table. The same holds true for agriculture plays, he added. Cramer said he approved of Goldman Sachs' assessment of the coal industry. The bank downgraded four coal firms to sell today.
Cramer said of Roomba floor-cleaning robot-maker iRobot (IRBT Quote), "That's not for me. I downgraded the stock." ...
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