Jim Cramer's Stop Trading! Stock Picks and Comments, 6/5/07

Recap of Jim Cramer’s comments on Stop Trading! Tuesday June 5. Click on a stock ticker for more analysis:

On the Fed:Cramer reiterated his prediction that the Fed will cut interest rates, despite the recent rise. He thinks it is "too early" to say a cut isn't possible, and a slowing U.S. economy should convince the Fed to make a reduction.

Lamar Advertising (LAMR) and Daktronics (DAKT): Cramer said he sold LAMR because he is concerned that flashing billboards may not be so popular; "We have too many distractions already." He also noted DAKT, which makes the boards, is not doing well.

Archer Daniels Midland (ADM): After ADM's "really horrible quarter" Cramer confesses he was wrong to get behind this company; "I thought that they had congressional mindshare."

General Dynamics (GD): Concerning worries about nukes and China, Cramer said, "I would buy GD. GD is my cold war play."

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

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

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