Jim Cramer's Stop Trading! Sitting on Citi

01/22/07 - 02:57 PM EST

TheStreet.com Staff

"We want a banker" leading Citigroup (C Quote - Cramer on C - Stock Picks), Jim Cramer said Monday on CNBC's "Stop Trading!" segment.

Cramer said the only event that would make him buy the stock, which is up around 1% Monday afternoon at $55 and change, is Prince's departure. "Prince leaving is worth 5, and a breakup of the bank is worth 2," Cramer said, shrugging off Monday's announcement that longtime finance chief Sallie Krawcheck will take over as CEO of the bank's wealth management unit.

Cramer said he'd like to see Citi lure Richard Kovacevich from Wells Fargo (WFC Quote - Cramer on WFC - Stock Picks) or Jamie Dimon from JPMorgan (JPM Quote - Cramer on JPM - Stock Picks). Kovacevich, Cramer said, is "America's greatest banker."

Cramer said he likes Kimberly-Clark (KMB Quote - Cramer on KMB - Stock Picks), given that analyst estimates on the maker of Huggies and Kleenex are based on crude oil costing $70 a barrel, not the recent $51. Cramer also said that given the poor numbers out of Eaton (ETN Quote - Cramer on ETN - Stock Picks), Cummins Engine (CMI Quote - Cramer on CMI - Stock Picks) should be down more.

Cramer said he likes the feel of Monday's market with American Express (AXP Quote - Cramer on AXP - Stock Picks) leading a charge in the financials. He said postclose numbers from "merchant of doom" Texas Instruments (TXN Quote - Cramer on TXN - Stock Picks) could set up a tech trade, though nothing more.

At the time of publication, Cramer had no position in stocks mentioned.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Listen to Cramer's RealMoney Radio show on your computer; just click here. Watch Cramer on "Mad Money" at 6 p.m. ET weeknights on CNBC. Click here to order Cramer's latest book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here.

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