Jim Cramer's Stop Trading! Stock Picks and Comments, May 7

Recap of Jim Cramer’s comments on Stop Trading! Monday May 7. Click on a stock ticker for more analysis:

Alcoa (AA), Alcan (AL), Cleveland Cliffs (CLF): Cramer would play AA's bid for AL by purchasing some CLF, even though it is at its 52-week high. He noted CLF is a $3 billion company with a "tremendous" repository of iron, and he predicted iron will soon be in short supply. Cramer reiterated his comment that AA will not be public by next year; "This sector is so fluid, that I would not bet against anybody. Everybody's for sale."

Apple Inc. (AAPL), Boeing (BA) and Deere & Co. (DE): Cramer predicts these three will be breakout stocks, since Apple will release its iPhone next month, the aerospace cycle is "amazing," and agriculture is healthy; "we're off to the moon with DE," commented Cramer. He observed that while the stocks seem expensive on 2007, they are cheap on next year's earnings, and resolved to trade in his Zanderphone (referring to Motorola's CEO Ed Zander) for an iPhone.

Cameco (CCJ) and Mosaic (MOS): Cramer likes CCJ and MOS as a plays for producing uranium from phosphates but would wait until the stocks pull back because they have both have increased substantially. He prefers MOS since it has agriculture to fall back on.

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