No Safe Havens - Cramer's Stop Trading! (6/6/08)

Recap of Jim Cramer’s comments on Stop Trading! Friday June 6.

Stop Trading: Halliburton (HAL), Nabors (NBR), Clorox (CLX), Kimberly-Clark (KMB), Procter & Gamble (PG), Pepsico (PEP), General Mills (GIS), Intrepid Potash (IPI): Cramer remarked traditional “safety stocks” are not safe as high oil prices are creating a domino effect and are bringing up raw costs for traditional havens Kimberly-Clark, Clorox and Procter&Gamble. Even Pepsi’s diversification into snack foods has been punished by skyrocketing corn prices fueled by ethanol demand. General Mills stood alone in not declining, but it is the exception that proves the rule. Cramer says it is not too late to get into oil stocks such as HAL and NBR, adding “You don’t sell until they start raising numbers” While IPI is already at its 52-week high, Cramer predicts it is about to rip.

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Comments

[Jose Urioste:]

Nothing to understand in your comments, but that u want to sell something... poor

2008 Jun 08 11:17 AM

[icandoitdon:]

there isn't a stock creamer doesn't love that is posting new 52 week highs and that's the "secret" to his picks. why do you need him to do that?

do readers a real service and publish a running summary of the results of his picks as compared to the s&P 500.

2008 Jun 08 01:56 PM

[Fear:]

Jim Cramer is spot on with IPI and NBR I do own both and IPI from day one. IPI on it's first conference call stated IPI had sold more Potash in there first quarter than was expected to be sold for the entire year. That is why Friday DOW down 400 IPI up 2.50 approx. Monday if DOW is up 100 IPI could be 55 to 58 but of course that is if and only a guess. NBR is an awsome stock here are some just as good NBR/CLR/BUCY/IPHS I only buy stocks at this time that are at 52 week highs if the fundamentals support the stock going up another 50 percent and on those 5 stocks IPI NBR CLR BUCY and IPHS they will INHO

2008 Jun 08 03:35 PM

[Fear:]

I want to give credit to supercoug for giving me the pick CLR and BUCY and I can't remember the person who gave me the pick IPHS. But thanks for all the people on the IPI message board for giving me those 3 picks the othere 2 I had bought on my own research. Have a niece day again this is giving due where due is required

2008 Jun 08 03:38 PM