Cramer: Autos Are 'Just Terrible'
Web Editor, "Mad Money"
Toyota Motor's "like a penthouse in the worst neighborhood in the world," Cramer said during Thursday's Stop Trading!. "The autos -- they're just terrible."
Cramer's charitable trust owned Toyota in 2007, but despite increased production and market share, the troubled sector forced the Mad Money host to settle for breaking even.
Cramer pined for the days when the Federal Reserve chairman focused on autos, retail and housing. "Now I think they're only looking at tomorrow's numbers," he said. "They don't really care about anything else."
The same tight refining margins that ConocoPhillips pointed out in a pre-earnings release Thursday are reflected in stocks across the sector, Cramer said. But he doesn't recommend selling the refiners too much lower than where they are. Pure play Valero's a "great creator of profit." Still, integrated oil and natural-gas companies "are so great" it's hard to make a case for the refiners.
And as sick as some people may be of hearing Cramer trumpet the success of Foster Wheeler, he's not stopping anytime soon.
"Those guys have done a fantastic job," he said.
Jim's charitable trust owns ConocoPhillips.
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