"We're going to elect two presidents," Jim Cramer said on Tuesday's "Stop Trading!" on CNBC. "That's what the market's saying."
On the one hand, all of the plays on a Barack Obama presidency are up, except for biotech. But "big oil" is also up, said Cramer, which is a John McCain play. According to Cramer, the first thing Barack Obama will do if he's elected is to say, "$14.3 billion for
, nothing for the regular guy? That doesn't seem right."
"It's a natural place to take profits, even if you like the group," Cramer said. "Even if I thought McCain was going to win, I'd probably take some profits." He recommended selling
Oil Service HOLDRs
had a "monster good quarter," Cramer said. He abandoned it before for
but says he wants "to come back to it in a major way." He said he sees the stock hitting $180 within 48 hours.
"I've been a big backer of Visa," he said. "I don't know Visa's numbers, and I want to see those, but MasterCard goes higher."
The worst thing that a retail stock can do right now is "have a number reported, because they're all awful," Cramer said. "
had a report last week, and that was dirty water."
In fact, Cramer said, "stay away from anything that's actually going to report."
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
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