"Coal can do no wrong," Cramer said. "Coal is taking share this year in the power plant market." To take advantage of those fundamentals, Cramer recommended buying shares of coal miner Peabody Energy ( BTU). As the stock market dampened Tuesday, Cramer also observed, "We are seeing a rotation into Clorox ( CLX) and Kellogg ( K)." He noted that gold prices and other commodities fell to a one-month low. He added that Johnson & Johnson ( JNJ) shares have also gained ground despite the company posting "one of the worst quarters I've seen. That stock is on the move." On the other hand, he said, "We're seeing the money pour out of" mining-equipment makers Bucyrus ( BUCY), Joy Global ( JOYG) and the diversified machinery giant Caterpillar ( CAT). "Right now, people are so worried about
NEW YORK ( TheStreet) -- On his Tuesday Stop Trading! segment on CNBC, Jim Cramer praised the financial rewards of coal even while recognizing its environmental problems.
Cramer's Stop Trading!: GM, Ford, Verizon
|Click here for Cramer's Monday Stop Trading! segment |
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