Jim Cramer's 'Stop Trading!': Buy Eastman Chemical on a Dip
Investors should buy
Eastman Chemical
(EMN) - Get Eastman Chemical Company Report
if the stock declines from its current lofty levels, Jim Cramer said Friday on
CNBC's
"Stop Trading!" segment.
The company, he pointed out, has been buying back stock, and analysts hate it, he added. "EMN's up too much," he said. "It will pull back." When it does, investors should consider buying the shares, Cramer said.
He also said he likes
Owens-Illinois
(OI) - Get O-I Glass Inc. Report
.
Cramer also discussed ethanol, and he spoke positively about
Monsanto
(MON)
, saying the company is like
Amgen
TheStreet Recommends
(AMGN) - Get Amgen Inc. Report
was in 1991 and 1992. Along with fertilizer makers, Monsanto will be key to solving the world's food problems, he said.
"Monsanto is the secret," he said. "We're not going to grow our way out of this" without Monsanto and fertilizer companies such as
Mosaic
(MOS) - Get Mosaic Company (The) Report
and
Potash
(POT)
.
At the time of publication, Cramer was long Owens-Illinois.
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