Seeking Alpha
Profile| Send Message|
( followers)  

Stocks discussed on Jim Cramer's Stop Trading! TV segment, Friday May 30.

Union Pacific (NYSE:UNP), General Electric (NYSE:GE), J. Crew (JCG), Office Depot (NYSE:ODP), Toyota Motor (NYSE:TM), Ford (NYSE:F), Agnico-Eagle Mines (NYSE:AEG), Eldorado (NYSE:EGO), Randgold Resources (NASDAQ:GOLD)

Strong performance in the transport sector is a sign that the economy isn't getting worse but better, according to Cramer, because rails usually signal prosperity in other sectors. However, in spite of GE's huge deal to deliver $500 million in locomotives to Kazakhstan, Cramer prefers GE's Capital division to its Transport Division.

The consumer is cautious but is still spending and is finding value in places like J.Crew and Office Depot, said Cramer, who commended J.P Morgan's upgrade of ODP and approved of the company's cost-cutting measures, such as closing stores.

Cramer is not surprised that Toyota's stock price is taking a breather, because it has been a "rocket". He called Ford's secondary offering “one of the most successful offerings in the history of the New York Stock Exchange.”

Even though gold has had its biggest one-month upswing in a decade, Cramer says it isn't too late to buy Rangold, Agnico-Eagle or Eldorado. He said anyone who isn't invested in precious metals is going to miss out.

“This is going to be a continual theme for the next decade,” he said.

:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::

Seeking Alpha publishes a summary of Jim Cramer's stock picks every day including: Mad Money Recap, Lightning Round and his Stop Trading! Picks.

Get Cramer's Picks by email-- it's free and takes only a few seconds to sign up.

Seeking Alpha is not affiliated with Jim Cramer, CNBC or TheStreet.com

Source: Cramer's Stop Trading! (5/30/09) - The Best Offering in the History of the New York Stock Exchange