
Cramer's 'Stop Trading': Jarden, Shaw
NEW YORK (
) -- Jim Cramer took notice when
Jarden
(JAH)
, the maker of almost every type of consumer goods known to man, decalred on CNBC that it is the 14th largest importer of 20-foot containers from China to the United States.
"They are part of the trade imbalance," Cramer said during his
Stop Trading!
segment on CNBC. "If China were to revalue
its currency, you would see, competitive nature would shift to the
U.S."
Jarden announced on Tuesday that it had swung to a profit in its fourth quarter and said that it expects sales growth in each of its units in 2010.
Cramer said he is a buyer of Jarden, which is down $1 in afternoon trading.
Meanwhile,
Whole Foods Market
undefined
is spiking 13% after it raised its full-year outlook on better-than-expected first-quarter earnings.
Cramer noted that while some investors, bearish on Whole Foods, feel shoppers won't pay for Whole Foods' organic products, consumers are trading going out to eat for dining in, and are looking to Whole Foods as the best takeout option.
"Takeout made their quarter," Cramer said. "The shorts miss that."
In the grocery sector, Cramer said he also likes
Safeway
(SWY)
.
Cramer concluded his segment by noting that attention is on
Shaw Group
(SHAW)
after it announced on Wednesday that it will perform comprehensive energy services for U.S. General Services Administration.
Regardless, Cramer says
URS
(URS)
is a better play
"Stop just talking about Shaw," he said.
-- Reported by Jeanine Poggi in New York.
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