Jim Cramer's Stop Trading! Buy Alcoa

Cramer says the company won't be public by year-end.
Author:
Publish date:

Buy

Alcoa

(AA) - Get Report

, Jim Cramer said Monday on

CNBC's

"Stop Trading!" segment.

Cramer said the Pittsburgh-based aluminum company won't be public by the end of the year. He pointed to Monday's reports that

BHP Billiton

(BHP) - Get Report

of Australia will buy the company, which is busy trying to take over Canada's

Alcan

(AL) - Get Report

.

Cramer called a downgrade of

FedEx

(FDX) - Get Report

ahead of Wednesday morning's earnings "gutsy," saying it highlights the weakness of the domestic economy. But Cramer cautioned against selling the stock, which is down around 1.5% Monday, because "what worries me is, can you ever get back into FedEx" after a downgrade should the stock resume rising.

Cramer said

Wendy's

(WEN) - Get Report

biggest problem is that the franchisees don't like management. He expects the company to be sold to private equity because there is room for a third burger chain after

McDonald's

(MCD) - Get Report

, which he calls a better stock, and

Burger King

(BKC)

.

At the time of publication, Cramer had no position 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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