Jim Cramer's Stop Trading! Stock Picks and Comments, Oct. 12

Recap of Jim Cramer’s comments on Stop Trading! Thursday October 12. Click on a stock ticker for more analysis:

Phelps Dodge (PD):Hedge-fund Atticus is looking for a buyer for PD and Cramer thinks this copper producer is a good prospect especially given the enthusiasm for mergers in metals.

Pepsi (PEP), Colgate (CL), Clorox (CLX), Procter & Gamble (PG): Although PEP reported a good quarter, Cramer points out that its 8% growth in Gatorade sales show that consumer goods might have reached their peak and he would sell the stock along with CL, CLX and PG.

Yum (YUM), McDonald's (MCD) and Darden (DRI): The food business is good, according to Cramer who notes that there is still some unjustified unease about the market and that "it is very uncool to talk about a rally." Cramer predicts that the market is going through 12,000 on the Dow.

More: Cramer's latest stock picks, including: Mad Money Recap, Lightening Round, Stop Trading and his Radio Show.

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