Jim Cramer's Stop Trading! 12/20/07: Reap What You Sow

 |  Includes: AGU, ETN, IR, LNN, POT, WGO
by: Miriam Metzinger

Recap of Jim Cramer’s comments on Stop Trading! Thursday December 20. Click on a stock ticker for more analysis:

Agrium (NYSE:AGU), Lindsay (NYSE:LNN), Potash (NYSE:POT), Winnebago (NYSE:WGO), Eaton's (NYSE:ETN), Ingersoll (NYSE:IR)

While much of the market may look bleak, Cramer says agriculture is the place to be; "We are now so knee-deep in ag that even the sprinkler systems are making a lot of money," he said. "There is clear sailing for this area right into the end of the year. Agrium just did a big secondary; it's now above the secondary price. ... This is the area."

He would take a look at irrigation equipment maker, Lindsay. With short harvests and high grain demand, Cramer would also consider Potash, but would be careful with discretionary businesses like Winnebago, which may be vulnerable to high gas prices. However, he noted the CEO was bullish and praised him for not blaming the economic environment.

Concerning Eaton, Cramer comments this once-hated company is reinventing itself after the acquisition of two foreign firms. However, he thinks IR's purchase of Trane was a better deal, and although IR isn't popular on The Street right now, it is every bit as good as Eaton.

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