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Monsanto and its genetically modified seeds could be a solution our present food crisis. In fact, Cramer’s sure of it.
“We're not going to grow our way out of this without out Monsanto [MON
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],” he said during Friday’s Stop Trading!.
The company’s forward thinking is bringing much-needed high-yield seeds to market, Cramer continued, while fertilizer names like Mosaic [MOS
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], Agrium [AGU
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] and Potash [POT
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] do their part to boost crop output.
“There is no hope otherwise,” Cramer said. “The granaries are empty.”
In the chemicals sector, the Mad Money host said he’d choose Owen Illinois [OI
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] over Eastman Chemcial [EMN
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]. OI, a glass maker, is riding a comeback in that business, and “EMN’s up too much.” Though Eastman’s a buy on any pullback, Cramer said.
Jim's charitable trust owns Owen Illinois.
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