Text Size 
 |
The agriculture sector is so en fuego even the sprinkler-system manufacturers are making money, Cramer said during Thursday's Stop Trading!.
Lindsay Corp. [LNN
Loading...
()
] is up about $13, or 23%, after reporting strong first-quarter numbers. Cramer said he sees "clear sailing" for the whole industry through the end of the year, adding that even Archer-Daniels-Midland [ADM
Loading...
()
], which was underperforming the group, has rebounded, and Agrium [AGU
Loading...
()
] has climbed past its recent secondary offering price.
"You should be focused on futures prices for 2008 if you want to see where this market's going," Cramer said, "and they're sky-high."
Also in the news, Eaton [ETN
Loading...
()
] announced plans to buy Germany's Moeller Group. Normally in a buyout it's the acquired whose stock goes up and not the acquirer, but Eaton shares rose anyway Thursday. It's also a bit surprising that, given the way currencies are trading, a dollar-based company would buy another that deals in euros. And the industrial sector where Eaton operates is the focus of Wall Street's recession fears.
Cramer, though, was even more baffled that Ingersoll-Rand [IR
Loading...
()
] took a hit after the company announced it would buy Trane [TT
Loading...
()
], which he said was a better deal. "If you really like Eaton," he said, "will you please take a hard look at how smart Ingersoll was to do what it did."
Finally, Winnebago [WGO
Loading...
()
] CEO Bruce Hertzke said earlier in "Street Signs" that he doesn't see a recession coming. If discretionary items like motor homes are doing well, Cramer said, that just proves not every sector of the economy is being dragged down by the problems in credit and housing. So investors that are too negative might overlook an opportunity.
"Maybe you miss realizing that there's lots of other areas that are more robust," Cramer said, "and the consumer's not dead."
Questions for Cramer?
Questions, comments, suggestions for the Mad Money website?
Del.icio.us
Digg It
Data is a real-time snapshot *Data is delayed at least 15 minutes