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Stop Trading!

Thursday, 7 Jun 2007 | 3:21 PM ET

With the market down sharply for the third day in a row, Cramer said on today’s Stop Trading! segment that investors should not be buying aggressively right now. “I like a sell-off that shakes people up,” he said. “Respect the futures and their ability to drive down the market.”

Stop Trading!
Mad Money host Jim Cramer discusses his stock picks of the day with CNBC's Erin Burnett


In the cola wars, Pepsi made headlines today by buying an 80% stake in a Ukranian juice company. The deal was for $542 million, which isn’t pocket change even for a behemoth like Pepsi. Cramer said the acquisition shows that Pepsi has “made a major commitment to international” growth. It’s a good move, Cramer said, but he still slightly favors rival Coca-Cola . “Coke down at $51 is pretty attractive.”

Cramer also likes Dick’s Sporting Goods , which reported 20% earnings growth and a plan to open 80 new stores next year. Cramer is bullish on Dick’s because it has what Wall Street wants – growth.

And Cramer said SunTrust Banks is a buy as the Atlanta-based bank announced an $800 million buyback amid continued speculation that it will get taken over. “A $30 billion bank is not big enough anymore to be independent,” Cramer said.


Questions? Comments? madmoney@cnbc.com

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