On today’s STOP TRADING segment on CNBC, Cramer noted General Mills (GIS-NYSE): he said the CEO is good and money in the bank. Cramer said the cost of corn in the ethanol joke is driving up food production prices. This is acting as a tax on the poor according to Cramer.
Cramer also noted the ongoing bull market in hardening metals. As far as the Raytheon downgrade today, he thinks that the call really just means it is the worst of the best and he thinks the sector is still better than many others. Yamana (AUY) was downgraded today too, but Cramer thinks it’s the best gold name out there.
Jon C. Ogg
March 22, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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