Jim Cramer's 'Stop Trading!': Buy SPX - TheStreet

Jim Cramer's 'Stop Trading!': Buy SPX

The maker of industrial goods has 'truly impressive' management, Cramer says.
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Buy SPX (SPW) Jim Cramer said on CNBC's "Stop Trading!" segment Thursday.

Cramer praised CEO Christopher Kearney, calling him "truly impressive." He said SPX represents "what I call one of the new tech stocks." He said the company is making energy-efficient machines. He said SPX reminds him of

Emerson Electric

(EMR) - Get Report

, and he also likes action in

U.S. Steel

(X) - Get Report

and

Cleveland-Cliffs

(CLF) - Get Report

.

On the broader market, Cramer said, "This is an outright bullish day." He said some might believe that it's because of options expirations, but he said he believes "there's a lot of money coming into this market right now. ... It's very hard not to like this market."

Cadbury

(CBY)

announced a bullish forecast today. Cramer recommended that viewers take a look at

Heinz

(HNZ)

,

PepsiCo

(PEP) - Get Report

and

Coca-Cola

(KO) - Get Report

on that news.

Cramer then spoke about wind energy. He said billionaire investors Warren Buffett and T. Boone Pickens are both into the trade. He said that

Trinity Industries

(TRN) - Get Report

has a "business that should be on fire." He said railroads are another play on the wind business, mentioning

Union-Pacific

(UNP) - Get Report

among other stocks. He also likes

Owens Corning

(OC) - Get Report

and

Woodward Governor

(WGOV)

, he said.

"I don't think people have yet grasped the significance of this cheap form of power," Cramer said. "The wind issue is bigger than solar."

On investor speculation that the dollar may strengthen, Cramer told viewers to pay attention to supply-demand imbalances, saying the dollar's strength or weakness is less important than those factors. He said that

Transocean

(RIG) - Get Report

, for example, faces earnings visibility years into the future.

Cramer said the dollar "is an obfuscation" of more important trends. "Buy what's in short supply and strong demand," he said. "Don't overfocus on the dollar or

Federal Reserve

Chairman Ben Bernanke. ... It's a mistake."

At the time of publication, Cramer had no positions in any of the 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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