Publish date:

Jim Cramer's 'Stop Trading!': Buy Eastman Chemical on a Dip

Cramer also said he likes shares of Owens-Illinois.

Investors should buy

Eastman Chemical

(EMN) - Get Report

if the stock declines from its current lofty levels, Jim Cramer said Friday on

TST Recommends

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 Report

.

Cramer also discussed ethanol, and he spoke positively about

Monsanto

(MON)

, saying the company is like

Amgen

(AMGN) - Get 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 Report

and

Potash

(POT)

.

At the time of publication, Cramer was long Owens-Illinois.

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

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.

TheStreet.com 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 TheStreet.com.