NEW YORK (TheStreet) -- On his Tuesday Stop Trading! segment on CNBC, Jim Cramer praised the financial rewards of coal even while recognizing its environmental problems.
"Coal can do no wrong," Cramer said. "Coal is taking share this year in the power plant market."
To take advantage of those fundamentals, Cramer recommended buying shares of coal miner
As the stock market dampened Tuesday, Cramer also observed, "We are seeing a rotation into
." He noted that gold prices and other commodities fell to a one-month low. He added that
Johnson & Johnson
shares have also gained ground despite the company posting "one of the worst quarters I've seen. That stock is on the move."
On the other hand, he said, "We're seeing the money pour out of" mining-equipment makers
and the diversified machinery giant
"Right now, people are so worried about
jobless claims on Thursday" as well as next week's employment data, Cramer said. Downcast on the U.S. economy, he said he believes Europe's economy is performing better at the moment, with Germany doing "incredibly" well and France not far behind.
Turning again to company-specific matters, Cramer noted that
, which derives more than 70% of its pipeline outside the U.S, has a "terrific" book.
, whose CEO, Ellen Kullman, is "one of the best, but least-heralded CEOs in America." He likes that the company reported both a second-quarter "top-line and bottom-line beat."
"The main point I want to make is that she underplayed the seed business," which is "on fire," Cramer said of Kullman. "I used to always look at ag and think of
. "I think that's a mistake. From now on it's always Double D."
He thinks the company will boost its dividend.
Cramer's Stop Trading!: GM, Ford, Verizon
-- Reported by Andrea Tse in New York
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