Jim Cramer's Stop Trading! Coke and a Smile

Cramer says the soft-drink giant is back to being a loved stock.
Author:
Publish date:

Coke

(KO) - Get Report

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

CNBC's

"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

MasterCard

(MA) - Get 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

(ASD)

, which he called a stealth housing play along with

Fortune Brands

(FO)

. 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 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.