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 (NASDAQ:LAMR) and Daktronics (NASDAQ: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 (NYSE: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 (NYSE:GD): Concerning worries about nukes and China, Cramer said, "I would buy GD. GD is my cold war play."
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