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Cramer: Buy Eli Lilly

Eli Lilly is “the right pharma to own in this environment,” Cramer said during Tuesday’s Stop Trading.

Lilly is a fast-growing company with a great balance sheet and dividend, offering investors both defense and upside.

“It continues to astound me that you can by this stock this cheaply,” Cramer said. “Lilly is a buy.”

Elsewhere in the market, Cramer thinks that Boeing “may be the cheapest stock in the Dow Jones Averages.” He’s expecting 2010 to be a stronger year than this one for the company, as worker headcount has been cut, orders are on the rise and defense contractors on the whole have been doing well.

Lastly, Cramer urged investors to buy into real estate investment trust equity offerings. Whether retailers or health-care focused REITs, these stock deals have immediately gone to premium, producing quick returns.

“There’s some easy money being made in this group,” Cramer said.

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