"Things are happening so fast in this market," said Jim Cramer on Monday's "Stop Trading!" segment on CNBC. "This market is just a rampant bull market."
He was going to recommend Colgate(CL Quote), which he said reported a "great quarter," as a play on Mexico, until he spoke with Mexico's deputy finance minister, Alejandro Werner. Werner said that while "basic economic services are operating normally" in Mexico, including banks and "major stores," other businesses, such as restaurants and shopping malls, have closed.
Werner said that the worst-case scenario of H1N1's effect on Mexico's economy is that it could cause 0.3% to 0.5% additional negative growth.
Cramer did recommend American Movil(AMX Quote), which "got hit initially" on the swine-flu outbreak. The company "happened to have a really spectacular quarter," Cramer said, and the stock is "attractive given the fact that obviously people are not going out" and instead are making phone calls. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,469.31 | 1,110.60 | 2,211.54 | 36.07 |
Oil *
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10 Yr
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SPDR Gold
110.23
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+1.72%
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