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Archer Daniels Midland
may not just be the supermarket to the world; it may also become the gas station to the world, Jim Cramer said on "Mad Money" Monday evening.
Cramer was talking about a research report by Citibank's David Driscoll that said ADM is considering investing in production capacity to produce corn-based plastics.
This is just the thing that Archer Daniels has needed to jump-start its stock price, said Cramer. "We can make plastic out of corn. We
make plastic out of corn, and we
make plastic out of corn. You must own the stock of Archer Daniels Midland."
A caller wanted to know, after years of hype, how long it would it take for corn-based products like ethanol to become viable in the marketplace. Cramer said with oil at $60, "the market is saying the time is now."
Another caller wanted to know what energy play is the safest at this point. Cramer said natural gas was the safest play; it should play catch-up to oil.
Green Cliffs of Dover
said today it is buying microacoustic component manufacturer
, which makes products that go into hearing aids and cell phones.
What's a heavy manufacturer like Dover doing buying an electronics company like Knowles?
Cramer said Dover is taking its stock-price multiple into its own hands. The company, which sells at a below-market multiple, is "going toward growth." Cramer approves.
He said that Dover's acquisition "may seem a little shameless, but I know it's really smart. Own Dover."
A caller asked if Dover's acquisition of Knowles might look similar to
before it imploded. Cramer strongly disagreed and said the difference is in the two companies' managements.
"I think Dover's is good," he said. "I thought Tyco's was bad. That's all that matters."
Stop That Train
In stock news after the bell, Cramer said that
( WPTE) reported quarterly results that were simply the "ultimate in train wrecks."
( AMLN) announced good clinical trial results for its diabetes drug, Byetta.
Cramer has been positive on Amylin and said, "My suggestion, if you have had Amylin from when I first recommended it at the $16 to $17 level, sell half the position right now because we don't believe in being 'hogs.'"
Mark Rachesky, former chief investment officer for Carl Icahn, has taken a 7.3% position in
Lions Gate Entertainment
Cramer said Rachesky's firm, MHR Investments, specializes in "finding value in what the market ignores." What's more, Rachesky, a "raider type," probably won't be a passive investor, said Cramer, adding that Raider types like to push management in a direction that will make them money.
You still have to do your own homework, Cramer said, but Rachesky's investment should catch your eye. "I think
Lions Gate should be worth 30% more than its current quote."
"What makes Mark Rachesky rich in this case, will also make you rich."
Finally, Cramer said "there is no waiting" to buy tech. The time is now!
"Tech in the fourth quarter has always been good. One out of 10 has been bad. Nine out of 10 have been good. ... If you're waiting for tech, you will miss the
Cramer was bullish on
XM Satellite Radio
Enterprise Products Partners
Mitsubishi Tokyo Financial Group
Companhia Paranaense de Energia
Principal Financial Group
Cramer was bearish on
Sirius Satellite Radio
BHP Billiton Limited
Friedman, Billings, Ramsey Group
At the time of publication, Cramer was long Yahoo!, Intel, Cimarex Energy, Motorola, Microsoft and UnitedHealth.
James J. 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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