Cramer's Stop Trading - Japan Is Back Online (5/25/11)

Includes: CAT, PG, TM
by: Miriam Metzinger

Stocks discussed on Jim Cramer's Stop Trading! TV Segment, Wednesday May 25.

Caterpillar (NYSE:CAT), Toyota (NYSE:TM), Procter & Gamble (NYSE:PG)

Cramer dedicated the first part of the segment to discussing the life and work of Mark Haines, the CNBC anchor who unexpectedly passed away on Tuesday night. Haines encouraged Cramer to begin working at CNBC and nicknamed Cramer "The Reverend Jim Bob of the Church of What's Working Now."

Japan has "gone offline" for the past two months as a market, but Cramer thinks the country is showing signs of being in the reconstruction phase, especially with the uptick in Toyota Motor (TM) on Wednesday. The shift into defensive stocks that began in the wake of the natural disaster seems to be reversing as Caterpillar (CAT) and other industrials saw a rise in stock prices and defensive stocks like Procter & Gamble (PG) declined. The move in stocks seems to be mainly driven by Asia rather than fundamentals in the U.S. market. It "doesn't hurt" that there is now hope for improved leadership at the IMF.


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