Skip to main content
Publish date:

Cramer's 'Stop Trading!': Take Some Profits

The sectors that are working need to cool off a little, Cramer says.

Take some profits in hot sectors, Jim Cramer said on CNBC's "Stop Trading!" segment Tuesday.

"It's about time," Cramer said of today's market selloff. "Heaven love the rails," he said, "but they do not have to be up every day." He recommended ringing the register in groups that are "having parabolic moves." He also said he doesn't like tech at these levels.

Cramer said he does like some stocks here. He said


(HON) - Get Honeywell International Inc. Report

is a buy if the price comes down. He said the company "basically preannounced the other day, and it's not really doing anything."

Cramer said some steel companies will win on the earthquake in China. He said that he wants to be in on a secondary offering from


(NUE) - Get Nucor Corporation Report

. "Very rarely do I ever want to be in a secondary," he said. "Not this one. This one is a winner."

Of the larger commodity markets, Cramer said that stocks with oil exposure are "not expensive." He said that "people are not using $125

a barrel for oil in their numbers." He said that with that factor added in, many stocks should be priced higher.

Cramer also said he likes


(CSX) - Get CSX Corporation Report

TheStreet Recommends


Union Pacific

(UNP) - Get Union Pacific Corporation Report

, but recommended taking profits "just as a prudence method." He expressed concern that the American rail companies appear to be the only stocks reacting to the news of the China earthquake.

Cramer also praised oil and gas magnate T. Boone Pickens for being right about ethanol. Cramer said that when 3% of gasoline destroys 30% of America's food supply, it's "about as dumb a thing as I've ever heard.

"I'm the most rapacious capitalist that's ever lived," Cramer said, but "I still have some horse sense."

At the time of publication, Cramer had no positions in any of the stocks mentioned.

Jim Cramer is a director and co-founder of He contributes daily market commentary for's sites and serves as an adviser to the company's CEO. Outside contributing columnists for and, 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. 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