On today’s STOP TRADING segment on CNBC, Jim Cramer talked about some of his ethanol plays.
As far as the crop report, Cramer thinks they aren’t focusing on the secular trends. He likes these regardless of the crop acreage report:
Archer Daniels Midland (ADM)
Deere (DE)
Bunge (BG)
Monsanto (MON)
He said NO on the pure plays liek Pacific Ethanol (PEIX) or theAndersons (ANDE) because you can buy best of breed names. On oilCramer addressed the Iran issue, and the Oil Stocks are acting like therewill be a resolution to Iran very soon. The stocks are telling youthat there will be a breakthrough this weekend and that is why they aredown.
Cramer brought up Take-Two (TTWO) and said that "Grand Theft Auto" may get them out ofthe hole, but that is still a problem stock with uncertainty. Qualcomm(QCOM) is a persistent stock. Cramer noted the company has alreadysignaled a good quarter but he said it is up on window dressing andright now it’s a "Don’t Buy" until it comes in.
Jon C. Ogg
March 30, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.