Jim Cramer's Stop Trading! Buy Halliburton

Cramer likes oil service and fast food.

Author:: TheStreet.com Staff
Publish date:: Jun 13, 2007 2:49 PM EDT

Buy

Halliburton

(HAL) - Get Report

, Jim Cramer said Wednesday on

CNBC

's "Stop Trading!" segment.

Cramer, who is long the stock for his

Action Alerts PLUS charitable portfolio, says the stock is going to $40 from a recent $35 and change. Cramer said all of oil services is breaking out and that Halliburton remains the cheapest play in the group.

Cramer said he would be buying in-the-money calls on

Deere

(DE) - Get Report

and

Boeing

(BA) - Get Report

ahead of Friday's options expiration, though he stressed that's not a strategy for everyone.

Cramer likes

Burger King

(BKC)

, saying the stock "goes higher from here" and that the company has shown that under new leadership it has a "multiyear future." Cramer believes there's a "dynamite sandwich" due out in October to further boost the stock. But Cramer said

McDonald's

(MCD) - Get Report

remains the fast food best-of-breed play because of its stronger same-store sales growth.

At the time of publication, Cramer was long Halliburton.

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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