"I like safety right now," said Jim Cramer on Wednesday's "Stop Trading!" segment on CNBC. "I don't want to play offense right now until we're a little less overbought."
His defensive name was
, which he compared with
Whereas he is confident in Hershey's quarter, "I have no confidence that Deere's going to have a great quarter," he said. He said Deere's estimates were too high and anticipated it will lower guidance. "With Hershey, on the other hand, I think the estimates are too low, and I think they'll raise guidance."
"The president really bashed the heck out of health care last night," Carmer said. In a televised news conference, Obama discussed
and the economy before he made it clear that "he's not going to relent on health care," Cramer said. "That's why the stocks are going down."
An exception is
, trading up 3.5% on Wednesday afternoon. Cramer said he's recommended Allscripts on
Finally, Cramer said that both
are "up a lot." He said that as much as he likes Apple, "it would be irresponsible not take profits in the stock."
At the time of publication, Cramer had no positions in stocks mentioned.
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