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Jim Cramer's Stop Trading! Coke and a Smile

Cramer says the soft-drink giant is back to being a loved stock.


(KO) - Get Free Report

"finally has the wind at its back," Jim Cramer said Tuesday on


"Stop Trading!" segment.

Cramer said the company is back to being a "loved, loved stock" and is poised to benefit from a weak dollar. He said that when Coke reports earnings next Tuesday, investors could get "a definitive upside surprise" that could push the stock to $55 from a recent $50. Cramer says the stock could hit $60 over the next year and a half.

Cramer likes


(MA) - Get Free Report

, up 2% at $110 on Tuesday's plan to buy back stock and let some financial institution investors convert parts of their stakes to publicly traded shares. Cramer said the stock is cheap on the basis of 2008 earnings estimates and should head higher.

Cramer also likes

American Standard


, which he called a stealth housing play along with

Fortune Brands


. Cramer said both companies are set to benefit from home remodeling efforts via their plumbing and fixtures businesses, but aren't tied to the decline of residential real estate the way the homebuilders are. "Anything pure housing is too hard to own," he said.

At the time of publication, Cramer had no positions in stocks mentioned.

Jim Cramer is a director and co-founder of He contributes daily market commentary for's sites and serves as an adviser to the company's CEO. Outside contributing columnists for and, 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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