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Jim Cramer's Stop Trading! Buy Diana

Cramer likes the shipping company but would be selling the cereal plays.

Buy

Diana Shipping

(DSX) - Get Report

, Jim Cramer said Monday on CNBC's Stop Trading! segment.

Cramer said the company is a great play on the rise of worldwide shipping, as measured by the huge Baltic Dry Index.

Cramer is less taken with

Kellogg

(K) - Get Report

and

General Mills

(GIS) - Get Report

, after Kellogg's earnings miss Monday. Cramer said he would sell both stocks because of inflation worries.

Cramer likes

Cleveland-Cliffs

TheStreet Recommends

(CLF) - Get Report

, saying it's a good integrated steel play -- it mines iron ore and other minerals -- that could be worth 50% above its recent $100 a share in a buyout.

Cramer said

Merrill Lynch

(MER)

chief Stanley O'Neal has to go and shouldn't get a big severance package after the bank's huge writedown last week. Cramer said O'Neal's bungling ruined the bonus pool for the firm's brokers and others -- so why should the CEO walk away with $159 million, as is reportedly due him?

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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