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Cramer: Apache is Good Egypt-Related Play

Friday, 11 Feb 2011 | 3:10 PM ET

Stocks climbed Friday, after news that Egyptian President Hosni Mubarak stepped down in response to demonstrations against his rule.

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At the top of the list of stocks that are good Egypt-related plays is Apache, Mad Money's Jim Cramer said on Friday's "Stop Trading!""I think that stock is a strong buy because the military is going to keep [their] relationship with Apache," he said. The stock is down 10 percent on the recent events in Egypt and "it's a mistake that it's down 10," Cramer said. "It's got the fastest growing profile and it does report next week."

Twenty-five percent of Apache's cash flow is from Egypt, Cramer noted and also said that the Egyptian military is a force of stability for the country, and thus for Apache as well.

Panera Bread and Chipotle

Chipotle Mexican Grill and Panera Breadreported quarterly results Thursday that outshone their peers as many restaurants continue to struggle during a slow U.S. economic recovery.

Chipotle and Panera have chalked up 12-month gains of about 160 percent and 40 percent, respectively, on industry-leading sales trends, and investors have wondered how long their outperformance would last.

But the ride is likely over for the time being, Cramer said. The reason why the two stocks are up so big is because everyone was doing "the trade" Cramer said. Especially Panera.

"I don't buy things up 16 because I wasn't born yesterday...there's no reason to sell it, but I just wouldn't buy it," he said.

—Reuters contributed to this report.

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