MAD MONEY FEATURES
PODCASTSWatch the Lightning Round whenever and wherever you want.
OFFICIAL MAD MONEY WIDGETGrab this all-in-one application and get recaps of the show sent right to your desktop or blog.
CRAMERS SOUNDBOARDAdmit it: You've always wanted to hit the "They
know nothing!" button. Here’s your chance.
CHECK OUT OUR PHOTOSCheck out Cramer on set, back to school, behind the scenes and more.
SHOP FOR MAD MERCHANDISEBuy Cramer books, bobbleheads and other Mad Money merchandise.
RING TONESPick up the phone! It's Cramer! New Mad Money sounds for your cell phone.
TEXT MESSAGE ALERTMad Money's mobile. Get show highlights sent to your phone.
Text Size 
 |
Traditional safety stocks don't work in this environment, Cramer said during Friday’s Stop Trading!.
The typical investing strategy on a day when the Dow’s plummeted 337 points is to buy food and beverage or personal-goods stocks. But record oil prices of almost $139 a barrel have forced Wall Street to reconsider that approach. Companies like Clorox [CLX
Loading...
()
], Kimberly-Clark [KMB
Loading...
()
] and Procter & Gamble [PG
Loading...
()
] – normally safe harbors during a market storm – are seeing much higher raw costs because their products are either made of or are wrapped in materials that are largely made of oil or petroleum.
“The natural place to hide has been taken away,” Cramer said.
Even Pepsico [PEP
Loading...
()
], which has done its best to move from soda to snack food, is suffering cost increases because of the pressure ethanol is putting on food prices. The only food company up today, General Mills [GIS
Loading...
()
], is barely off its high, making it a less attractive buy.
Don’t think record oil means it’s too late to buy oil stocks, though. No one wants to be the last person to the party, but analysts haven’t even started raising estimates on companies like Nabors [NBR
Loading...
()
] and Halliburton [HAL
Loading...
()
]. And as Cramer said, “You don't sell until they start raising numbers.”
Recently IPO’d Intrepid Potash [IPI
Loading...
()
] hit a 52-week high today, and “I want to buy it still,” Cramer said. “I think IPI's about to rip.”
Questions for Cramer?
Questions, comments, suggestions for the Mad Money website?
Del.icio.us
Digg It
Data is a real-time snapshot *Data is delayed at least 15 minutes