Skip to main content

Jim Cramer's Stop Trading! Purchase Pepsi

Cramer likes the soft drink giant's transformation.

Buy

Pepsi

(PEP)

, Jim Cramer said Tuesday on

CNBC's

"Stop Trading!" segment.

Indra Nooyi is "the most exciting CEO in America today" in shifting the company's focus to healthier snacks from soda and chips, Cramer said. He said he believes she's not getting credit for the transformation.

Cramer also likes

Medco

(MHS)

, citing its gains from generic drug growth. "This is your Bernanke disaster scenario stock," he said, saying it could rise to $100 from a recent $88 and still look cheap to big institutional buyers.

Cramer said shorting

CIT

(CIT)

could be a "gigantic mistake," but he wouldn't buy the common stock. He suggests buying January 30 calls as a bet on the company being sold.

Cramer likes European telcos

Scroll to Continue

TheStreet Recommends

KPN

undefined

,

Vodafone

(VOD)

and

Deutsche Telekom

(DT)

because they're "on fire."

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.