Jim Cramer's Stop Trading! Buy Diana
Buy
Diana Shipping
(DSX) - Get Report
, Jim Cramer said Monday on CNBC's Stop Trading! segment.
Cramer said the company is a great play on the rise of worldwide shipping, as measured by the huge Baltic Dry Index.
Cramer is less taken with
Kellogg
(K) - Get Report
and
General Mills
(GIS) - Get Report
, after Kellogg's earnings miss Monday. Cramer said he would sell both stocks because of inflation worries.
Cramer likes
Cleveland-Cliffs
(CLF) - Get Report
, saying it's a good integrated steel play -- it mines iron ore and other minerals -- that could be worth 50% above its recent $100 a share in a buyout.
Cramer said
Merrill Lynch
(MER)
chief Stanley O'Neal has to go and shouldn't get a big severance package after the bank's huge writedown last week. Cramer said O'Neal's bungling ruined the bonus pool for the firm's brokers and others -- so why should the CEO walk away with $159 million, as is reportedly due him?
At the time of publication, Cramer had no positions in stocks mentioned.
Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for
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