Jim Cramer's Stop Trading! 2/13/08: Ag is Stalled
Recap of Jim Cramer’s comments on Stop Trading! Wednesday February 13. Click on a stock ticker for more analysis:
Agrium (AGU), Mosaic (MOS), Deere (DE): While Cramer said AGU reported a "monster good quarter," and DE's call was "fabulous," he thinks the ag sector is not moving, although he is bullish long-term. A time to buy would be when oil reaches $100. "The group is stalled as a contingent except for fertilizer" which Cramer sees as a "worldwide food and oil play."
Ultra Petroleum Corp. (UPL), Apache Corp. (APA) Anadarko Petroleum Corp. (APC): "China is taking all our coal," which results in constant new highs for UPL, APA and APC. "I've been saying that this is the year of natural gas, and it's really playing out," said Cramer.
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