Stop Trading!: Deere Should Dominate
Trading Thursday has been surprisingly good despite consumer confidence hitting a five-year low, Cramer said during Tuesday’s Stop Trading!.
Technology stocks, along with Cramer favorite Research in Motion , were marked up again, though he cautioned investors to be ready to move out of RIMM after the April 2 earnings call. Apple, too, got the nod, on the strength of the iPhone.
Despite analyst sentiment that Deere’s business in 2009 and beyond wouldn’t compare to this year, Cramer reiterated his bullish call on the stock. He praised CEO Bob Lane for making inroads in Latin America and said, “I think that Deere is coming for” AGCO and its dominance in Brazil.
Also in the ag sector, Cramer said DuPonte and Monsanto are good stocks as well, especially MON, which has been pre-announcing earnings to the upside while its rivals do the opposite.
Fortress Investment Group is “just awful,” Cramer said, answering a question about private equity.
And venturing into political predictions, the Mad Money host said he thought Merrill Lynch CEO John Thain would end up in the Treasury Department if Republican presidential hopeful John McCain wins the White House.
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