Cramer's 'Stop Trading!': Best Buy Tempts

Eventually, competitor Circuit City's strategies will stop working, Cramer says, and Best Buy will benefit.

Author:: TheStreet.com Staff
Publish date:: Oct 20, 2008 3:41 PM EDT

Editor's note: Jim Cramer will present his 2009 stock outlook for the first time at TheStreet.com Investment Conference on Saturday, Oct. 25. Limited seating. Act now.

"This strike is starting to really hurt America," Jim Cramer said on

CNBC

's "Stop Trading!" on Monday, referring to the

Boeing

(BA) - Get Report

machinist strike. "They've got to settle this strike by Nov. 1. It's really starting to impact earnings."

Cramer said the strike puts "unbelievable pressure" on the stocks of companies involved with Boeing, such as

Honeywell

(HON) - Get Report

Precision Castparts

(PCP)

and

Eaton

(ETN) - Get Report

Next, Cramer recommended

Best Buy

(BBY) - Get Report

. "Everyone just thinks that whatever strategy

Circuit City

(CC) - Get Report

has is going to work," he said. "Eventually, these strategies don't work." Best Buy might be feeling the pressure right now, he said, but it just gets "more tempting" the lower it goes.

Cramer said it was "very interesting" that Morgan Stanley upgraded

Transocean

(RIG) - Get Report

from sell straight to buy, bypassing hold altogether. "You can't cancel giant Brazilian contracts," he said. "It doesn't work like that."

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

Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click

here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click

here to order his book, "Real Money: Sane Investing in an Insane World," click

here to get his second book, "You Got Screwed!" and click

here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by

clicking here.

TheStreet.com has a revenue-sharing relationship with Traders' Library under which it receives a portion of the revenue from Traders' Library purchases by customers directed there from TheStreet.com.