Jim Cramer’s Stop Trading! - Goldman Sachs Group
Jim Cramer told viewers to buy Goldman Sachs Group (GS) on Wednesday’s CNBC “Stop Trading” show. “All I can tell you is that his stock is higher in a group that is so awful that you can’t even look at your screen, it’s that bad. It is the only one that has a business model right now,” Cramer said. He wasn’t so kind with Lehman Brothers (LEH). Cramer told investors to listen to Lehman’s conference call where Deutsche Bank analyst Mike Mayo questions what the company has in its portfolio. It appears that Lehman doesn’t know and the stock has traded down ever since. Moving on, Cramer said seeds are more important than drilling when it comes to finding new sources of energy, especially with the emphasis on renewable fuels right now. Cramer mentioned the fertilizer stocks like Potash (POT), Agrium (AGU) and Mosaic (MOS) took a break today, but he still likes the long-term growth trend for the sector. Cramer told viewers that a new shoe from Crocs (CROX) is really comfortable, but his daughter didn’t like the style. He said the stock for Crocs is a loser. Also in the retail sector, Cramer said Best Buy’s (BBY) move lower signals trouble for the entire group. “How do you buy any company in this group if Best Buy’s down for a second day after a great quarter? It’s obvious that everyone thinks the rebate trade is over,” he said. Cramer also told investors to stay away from Boeing (BA) because of high oil prices. Finally, Cramer said he was shocked with the strong performance out of Panera (PNRA). He said the company is great and its brand loyalty allows it to raise prices.
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