Jim Cramer's 'Stop Trading!': Buy Gold
Buy gold, Jim Cramer said on CNBC's "Stop Trading!" segment Wednesday.
Cramer also offered up a couple stocks for viewers to consider. "I wish
Helmerich & Payne
(HP) - Get Report
weren't at a 52-week high." He said he is also looking at
Nabors
(NBR) - Get Report
.
Cramer recommended that viewers "ring the register on hot stocks." He said he believes the agriculture sector, which includes
Monsanto
(MON)
has cooled, but after a "monster rally" in financials, "I would take a little
Citi
(C) - Get Report
off the table." He also advocated selling
Washington Mutual
(WM) - Get Report
. He said he expects more short-seller "raids" on the sector soon.
Presidential candidate Hillary Clinton will appear on Cramer's "Mad Money" tonight, and Cramer discussed some information he'd gleaned from his interview. "She is backing away from her anti-NAFTA position. She's trying to become more business-friendly," he said.
Cramer offered a bearish take on
Alcatel-Lucent
(ALU)
. Of CEO Patricia Russo, Cramer said he couldn't believe she had appeared on
CNBC
earlier that day. "She seemed so unenthused," he said. He expressed incredulity at the failure of the merger of Alcatel and Lucent. "You put one and one together and you got 0.97?" he quipped.
"The company has nothing. They have no technology. Enough," Cramer said. He said that
Sony Ericsson
, a joint venture between
Sony
(SNE) - Get Report
and
Ericsson
(ERIC) - Get Report
, is "equally challenged.
"The only one I would buy in this group if you put a gun to my head it is
Nokia
(NOK) - Get Report
," Cramer said.
At the time of publication, Cramer had no positions in any of the stocks mentioned.
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