Recap of Jim Cramer’s comments on Stop Trading! Wednesday July 3. Click on a stock ticker for more analysis.

Procter and Gamble (PG), Coca-Cola (KO), Pepsico (PEP), Bristol-Myers Squibb (BMY): Momentum stocks have halted thanks to sector rotation out of coal and into recession-proof food and healthcare stocks such as PG, KO, PEP and BMY, Cramer observed. However, this may be the ending rather than the beginning of a selloff, since coal, fertilizer and steel stocks usually drop at the end of a downturn and then recharge.

Lehman Brothers (LEH): On news Lehman Brothers will issue stock to retain key employees, Cramer says it is a good move for the troubled company, which needs to hold onto its talent. He doesn’t think this move is an indication the bank is preparing to sell itself.

United Health (UNH): Although Cramer is now generally bullish on healthcare, he doesn’t like UNH, because it is overvalued. He recommends selling it.

Costco (COST), TJX (TJX): The retail sector is swooning and there are very few picks in this space. Cramer likes Costco and TJX but says poor performance in retail is a sign the economy is in bad shape.

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