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Chrysler Collapse Boosts Biz for Parts Dealers

Thursday, 30 Apr 2009 | 4:06 PM ET

Cramer waved off criticism of Travelers’ latest quarter during Thursday’s Stop Trading!, saying the stock is a buy. Wall Street seemed to think the company suffered big investment losses, but the Mad Money host disagreed.

Travelers “has the single-best investment record of any insurance company,” Cramer said, “with the possible exception of Chubb.”

Stop Trading, Listen to Cramer!
Mad Money host Jim Cramer shares his stock picks with CNBC's Erin Burnett.

He called TRV down $1.50 an “opportunity.”

“This is your chance to get into Travelers,” Cramer said. “The bad news is out, if there really is bad news.”

In autos, Chrysler's bankruptcy is a boon to parts dealers such as AutoZone , Advance Auto Parts and Monro Muffler & Brake . Cramer said all three should trade together, though he prefers MNRO because it's the cheapest of the group right now.

Elsewhere in the market, Praxair and Air Products & Chemicals are “not true cyclicals,” as they are sidestepping most of the US’s economic woes. Both stocks are inexpensive buys, even after this most recent run.

Watch the video for Cramer’s take on natural gas stocks.

Call Cramer: 1-800-743-CBNC

Questions for Cramer? madmoney@cnbc.com

Questions, comments, suggestions for the Mad Money website? madcap@cnbc.com

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AAP
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APD
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