Jim Cramer's Stop Trading! Buy Monsanto
Buy
Monsanto
(MON)
, Jim Cramer said Wednesday on
CNBC
's "Stop Trading!" segment.
Cramer said he'd wait till Friday to buy the stock because it's being marked up as quarter-end approaches by huge institutional money managers. But even at a recent $83, it remains a good long-term play, Cramer said, because of its exposure to the fast-growing energy and agriculture markets.
Cramer also likes
Nvidia
(NVDA) - Get Report
and
SanDisk
(SNDK)
, and he applauded the big labor settlement that will cut health-care costs at
GM
(GM) - Get Report
. But Cramer said he wouldn't buy GM till it came down to $29 from a recent $37, given the company's hefty financing costs and other issues.
At the time of publication, Cramer had no positions in stocks mentioned.
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