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"The midterm elections are over, and it's immediately time to start looking at the 2008 presidential campaign to make money off politics," Jim Cramer told viewers of his "Mad Money" TV show Friday.
He believes that
are two "perfect plays" off the primaries.
Entering "the presidential pander season," Cramer said it's time to look at Iowa, as this is where are all the presidential candidates will start going for the caucuses. He said they also will go there because corn production has become important.
"The driver behind corn is the ethanol demand," Cramer said. Not only has there been a huge addition to the demand in ethanol, but also corn yields are down 1.5%. "Corn yields must come up, and money will be spent to bring them up," he said.
Farmers will most likely buy more fertilizer to produce more corn and then will sell the corn to companies that will convert it to ethanol, Cramer said. Mosaic and Agrium are two fertilizer companies he believes people should consider buying.
He advised buying and holding the stocks and selling them into the presidential caucuses in 2008.
On a separate note, Cramer said he is "outraged" with
, as it has not given any indication as to why the stock surged today.
It seems some people knew that it was going to go higher, while others where left in the dark, he said.
"I'm ashamed by the system sometimes," Cramer said. "I want answers."
Citigroup closed up $1.14, or 2.25%, at $51.85 Friday.
A Vote for China
Cramer said that although he ordinarily never likes to recommend Chinese companies or "Communist stocks" on his show, he's giving in and advising people to buy
"China is a country that can legally seize any assets it wants," he said. But after doing his homework, Cramer said he would be a buyer of Global Sources.
The stock is at $14, and he believes that it is about to take "a not-so-long march" to $20. However, as the stock is "thinly traded," Cramer urged his viewers to use limit orders.
Global Sources, which makes its money by selling ads on its Web sites and in its magazines, is the second-largest business-to-business company in China and is in the process of acquiring the No. 3 company.
Moreover, Cramer said he wasn't able to hold out on recommending a China-based stock any longer because of Global Sources' numbers. The company should earn 50 cents a share this year and is on track to earn 70 cents a share next year.
Plus, it trades at less than half its growth rate and is thus undervalued, he said.
Further, Cramer believes that it is a "reliable" company and is a "survivor," as there were hundreds of Internet-based business-to-business companies that ultimately failed.
Analyst Jonathan Cramer, who recently put out a report encouraging people to buy
, knows what he's talking about, according to Cramer.
As market players tend to get "jittery about consumer spending" ahead of the quarter, the stock has gone down, he said. But Cramer believes that the best way to buy Best Buy is on weakness because it tends to bounce back.
"The long-term picture for the stock is good," he said. "Buy into weakness before it reports next week."
Moving on with his game plan, Cramer told viewers all the brokers report next week. Out of them he said
, which he owns for his charitable trust,
Action Alerts PLUS, is going to have a "great" quarter. However, Cramer said he is "a tad concerned" with this stock as it has gone up.
If Goldman gets hit, and particularly goes below $200, he advised people to buy it. If Goldman gets hit, Cramer also suggested buying smaller portions of
ahead of their quarters.
Goldman closed at $205.10 Friday.
Further, Cramer advised picking up some
, which he owns for his charitable trust,
Action Alerts PLUS, before the company has its analyst meeting on Dec. 12.
In his "Mad Mail" segment, Cramer told a viewer that although there are five casino companies up for the Philadelphia casino decision on Dec. 20, he believes
will be the one to get the bid.
"I looked at the casino bids and three of them are directly related to the waterfront," Cramer said. "Trump, however, is putting his casino in a not-so-great neighborhood and therefore will create jobs where they are really needed."
If it doesn't get the bid, Trump should fall to $19 and people should buy it then, he said.
Trump closed at $21.79 Friday.
When a viewer asked if she should wait to buy
Level 3 Communications
until after it acquires
, Cramer said no because the acquisition has "totally been factored into the stock."
Cramer was bullish on
Federated Department Stores
L-1 Identity Solutions
Cramer was bearish on
Bank of America
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At the time of publication, Cramer was long Goldman Sachs and Hewlett-Packard.
Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of TheStreet.com or its affiliates, or CNBC, NBC UNIVERSAL or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither TheStreet.com, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or TheStreet.com is related to the specific opinions expressed by him on "Mad Money."
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