While fertilizer stocks like Potash , Agrium and Mosaic seem to have taken a break today, the sector’s growth trend overall, Cramer said, “has been the most powerful trend I have seen in my career since DSC Communications in the '80s.”
Investors with questions about Lehman Brothers should review the conference call, specifically the section that includes questions from Deutsche Bank's Mike Mayo. Lehman’s answers revealed more shaky mortgages and a lack of understand of the company’s own portfolio.
Cramer did have positive things to say about Goldman Sachs: “All I can tell you is that his stock is higher in a group that is so awful that you can't even look at your screen, it's that bad. It is the only one that has a business model right now.”
In retail, Cramer wondered, “How do you buy any company in this group if Best Buy's down for a second day after a great quarter? It's obvious that everyone thinks the rebate trade is over.”
Now that most Americans have probably spent their economic-stimulus rebates, and energy prices continue to rise, Cramer said, retail is “the second worst group after the banks.”
Those high energy costs are a reason to steer clear of Boeing as well. BA is an 18-month play, Cramer said, “and that's just not the time frame of this market.”
Crocs has a new shoe, a closed-toe loafer that Cramer said was “really comfortable.” But a bad style review from his daughter has him thinking, “it’s a total loser.” CROX stock, that is.
Panera Bread proved itself capable of dealing with significant food inflation when the company “blew away the numbers” for its most recent quarter. Both Panera and General Mills have proprietary products, great brand names and loyal customers, so they’re able to raise prices without losing business.
“Their stocks are going higher,” Cramer said.
Jim's charitable trust owns Goldman Sachs.
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