Cramer's Stop Trading! Jarden Is Part of the Trade Imbalance (2/17/10)

 |  Includes: JAH, SHAW, SWY, URS, WFM
by: Miriam Metzinger

Stocks discussed on the Jim Cramer's Stop Trading! TV Program, Wednesday February 17.

Jarden (NYSE:JAH), Whole Foods Market (WFMI), Safeway (NYSE:SWY), Shaw Group (NYSE:SHAW), URS (NYSE:URS)

Jarden (JAH) which makes almost every type of consumer good, declared it is the 14th largest importer of 20 foot containers from China. "They are part of the trade imbalance," Cramer said. "If China were to revalue [its currency], you would see, competitive nature would shift to the [U.S.]." The company is making a profit and says it will swing to sales growth in 2010, but the stock fell $1. Cramer would buy Jarden here.

Cramer sees a short squeeze happening in Whole Foods (WFMI) which jumped 13% on a better-than-expected quarter. Bears think consumers aren't prepared to pay for organic, but Cramer thinks customers see WFMI as a cheaper alternative to eating out and are gobbling up its takeout option; "Takeout made their quarter," Cramer said. "The shorts miss that." He also likes Safeway (SWY).

Everyone's talking about Shaw Group (SHAW) now that the President has proposed building a nuclear energy plant, but Cramer says URS (URS) is the better nuclear play.


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