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Now that warfare is no longer battlefield-oriented, it’s time for defense companies to rethink the market for defense, Cramer said on Friday’s Stop Trading!. Names like DRS Technologies [DRS
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] that are focused on new ways to help soldiers in combat – from guerilla tactics to being able to distinguish friendly from unfriendly fire – have the chance of going much higher, he said.
Switching gears to telecom, Cramer reiterated that both Verizon [VZ
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] and AT&T [T
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] are buys on their yields.
And in the perennial battle between Coke [KO
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] and Pepsi [PEP
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], Cramer offered a new opinion that Pepsi, after a great call by CEO Indra Nooyi, is a better buy on a pullback than Coke. Pepsi is cheaper and has improved international growth, he said, while Coke has saturated the global marketplace.
Finally, Cramer said he thinks agriculture stocks should be sold after seeing wheat prices rise for five straight days.
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