Cramer's Stop Trading!: Alcoa, Yum, Qualcomm


NEW YORK ( TheStreet) -- On his Monday Stop Trading! segment on CNBC, Jim Cramer said that Alcoa ( AA) reminds him of the housing numbers and is a buzz kill on the start of earnings season.

"The company's awful," he said. "I'm looking for a loss. People have overestimated Alcoa for three years. It's not a good company. Forget the estimates ... if they don't lose money, I'll be happy ... lower the estimates and maybe you'll have a good story."

Earnings season kicks off this week with Alcoa being the first company to report. Cramer believes the company is poorly-managed and advises investors to dump the stock. "Stop reporting at the beginning and ruining the earnings season for us," he said.

Cramer took on a much friendlier tone with Yum! Brands ( YUM ) -- which operates KFC, Pizza Hut and Taco Bell -- and recommends it as a China play.

Cramer's less interested in how the latter two Yum! businesses are doing and more so in KFC and its rapid spread across China.

"People are getting married there!" he exclaimed. And "they serve the same stuff there as they do here. Man it's darn good!"

"Yum! brands is good," he reiterated. "They're located cheaply in China ... and I think the estimates are too low," he said.

Another stock that Cramer likes this earnings season is Scotts Miracle-Gro ( SMG). "All you need is fair weather for planting season and there couldn't be more of this here. And that is great for Scotts," he explained.

Despite his generally unfavorable view towards Qualcomm ( QCOM), which Cramer said has "missed and missed and missed," he noted that the stock has been added to Goldman Sachs' highly-respected conviction-buy list.

Near the conclusion of Stop Trading!, Cramer noted that "people hate this market," right now. He just got back from vacation in Mexico and said people there wanted to know how corrupt the U.S. market is.
Cramer's Stop Trading!: Ford, Tesla
Click here for Cramer's last Stop Trading! segment

-- Reported by Andrea Tse in New York.

RELATED STORIES:




Get more stock ideas and investing advice on our sister site, Stockpickr.com.
Copyright 2010 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.