Stop Trading!: Monsanto Is Key to Food Crisis
Web Editor, "Mad Money"
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 ,” 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, Agrium and Potash 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 over Eastman Chemcial. 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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