Jim Cramer's Stop Trading! 10/17/07: Freeport for the Free World
Recap of Jim Cramer’s comments on Stop Trading! Wednesday October 17. Click on a stock ticker for more analysis:
New York Times (NYT): Cramer says NYT badly needs to be downsized and is not a stock worth owning. He doesn't trust its 5% dividend and says the company reminds him of a university.
Freeport McMoRan (FCX), Lundin Mining (LMC): FCX is a China and Rest of the World play, not a domestic play, said Cramer, who has absolute faith in the CEO. He also likes LMC as a play on lead.
Chipotle Mexican Grill (CMG), Coca-Cola (KO): Cramer likes CMG but says "enough is enough" at $133. Concerning KO, Cramer said, "Going to $60 on Friday! Monster quarter... monster. Buy it right here"
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