Stocks discussed on Jim Cramer's Stop Trading! TV Program, Friday January 30.
Casino stocks are not a good bet and many of these names have hit “critical” levels. Cramer would avoid Las Vegas Sands, MGM Mirage, Wynn Resorts and also Allegiant Travel. Cramer and Erin Burnett discussed the latter’s interview with famous investor Julian Robertson who said that a recovery could bring interest rates as high as 18%. While this may pose many problems, there are ways to make money from this scenario. Those who subscribe to Robertson’s thesis should focus on gold, hard assets and real estate. Cramer would take a look at SPDR gold Shares and think Agnico Eagle mines could double or triple if interest rates reach the teens.
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