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Stop Trading! Inflation = Cereal Killer

The headwinds from sky-high commodity prices have become too much to handle for Kellogg and General Mills , Cramer said on Monday’s Stop Trading!.

While both are “great American companies,” the inflation costs are “so out of control” now that Cramer believes it’s time to sell the stocks.

Cramer called Cleveland-Cliffs , the largest iron ore producer in the U.S., “on fire” and said it should be worth 50% more than its current stock price in a takeover.

Cramer also said Diana Shipping is an inexpensive way to play the booming shipping industry. Investors can use the Baltic Dry Index as a barometer for worldwide shipping demand.

And on the topic of the Merrill Lynch shakeup, Cramer said Stanley O’Neil should leave without a large compensation package since he “wrecked” so many employee bonuses by presiding over the firm’s huge write-downs.

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  • 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."

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