Jim Cramer's Stop Trading Mar. 22
General Mills (NYSE: GIS - News): While Cramer calls Stephen Sanger of GIS "one of the great CEOs," he is concerned about the effect of the ethanol frenzy on corn prices, which will be bad for cereal companies, the chicken and beef industry and less-well-off consumers; "we're creating a level of inflation in this country in order to pseudo-beat the energy problem." Cramer adds ethanol is "a futile attempt" and rising corn prices will create, in effect, "a tax on the poor."
Raytheon (NYSE: RTN - News), Yamana (NYSE: AUY - News): Concerning the Goldman Sachs downgrade, Cramer calls RTN "the worst of the best" because it is more expensive than its competitors. However, He is bullish on the sector because neither the Democrats nor the Republicans are talking about cutting the defense budget. He would not sell RTN. Cramer is not worried about AUY's downgrade, and says it is "a great growth story in gold. I still like AUY."
Raytheon (NYSE: RTN - News), Yamana (NYSE: AUY - News): Concerning the Goldman Sachs downgrade, Cramer calls RTN "the worst of the best" because it is more expensive than its competitors. However, He is bullish on the sector because neither the Democrats nor the Republicans are talking about cutting the defense budget. He would not sell RTN. Cramer is not worried about AUY's downgrade, and says it is "a great growth story in gold. I still like AUY."
Labels: AUY, GIS, Jim Cramer, Jim Cramer's Stop Trading, RTN
posted by Stock Administrator @ 2:09 PM
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