Stop Trading!: Freeport-McMoRan Grows With China

Freeport-McMoRan has just about doubled this year, thanks to a commodities boom. On "Street Signs" Wednesday, CEO Richard Adkerson told Erin Burnett that these are "certainly positive times for us."

Adkerson said that Freeport-McMoRan is a global company, and since the global economy is strong, so is FCX. Chinese demand for copper is driving the company's growth, he said. Cramer, later speaking during Stop Trading!, agreed, saying that FCX is definitely a play on China.

Also on Stop Trading!, Cramer said that the New York Times Co. "is not a stock worth owning," especially after Hassan Elmasry, a fund manager at Morgan Stanley Investment Management and the biggest non-family shareholder of the NYT stock, sold his entire stake. Cramer has recommended selling NYT for the last 15 points.

Cramer reiterated his sell call on Chipotle, saying that "at $133, enough is enough ... The stock has had way too much of a move."

But Coca-Cola is looking good at present levels ahead of Friday's options expiration. He recommends buying it right here.

Jim's charitable trust owns Freeport-McMoRan.

Questions for Cramer? madmoney@cnbc.com

Questions, comments, suggestions for the Mad Money website? madcap@cnbc.com

Contact Mad Money

  • Showtimes

    Monday - Friday 6p ET
    Saturday 8a, 1p, 7p SYD
    Sunday 12a, 1a, 8a, 7p SYD
    New Zealand
    Saturday 10a, 3p, 9p NZ
    Sunday 2a, 3a, 10a, 9p NZ
  • Jim Cramer

    Jim Cramer is host of CNBC's "Mad Money" and co-anchor of the 9 a.m. ET hour of CNBC's "Squawk on the Street."

Mad Money Features

  • Grab the latest CNBC gear from the NBCUniversal Store!

  • Get a behind-the-scenes look at how Cramer formulates his investment advice. "Inside the Madness" is a column, which features e-mails and more with Cramer and his researcher Nicole Urken.

  • You’ve always wanted to hit the “Hallelujah!” button. Here’s your chance.

Mad Money Moments

Cramer's New Book