Jim Cramer's 'Stop Trading!': Fed Lets Automakers Rot

Also, Cramer still likes Foster Wheeler.
Publish date:

When the integrated oil companies are doing well, it's hard to make a case for buying refining stocks like


(VLO) - Get Report

, Jim Cramer said Thursday on


"Stop Trading!" segment.

Still, he said, "I don't want to sell the refiners too much lower than here."

Speaking of


(COP) - Get Report

, which provided fourth-quarter estimates earlier, Cramer noted that the one bad part of its projection was its expectation that refining margins will decline from the third quarter.

Autos are currently the "worst neighborhood in the world," Cramer said. The

Federal Reserve

used to care about preserving the carmakers and the housing industry, but no more, Cramer said. Now, he added, the central bank seems to care only about the jobs report.

Also, Cramer said he still likes

Foster Wheeler



At the time of publication, Cramer was long ConocoPhillips.

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