Jim Cramer's Stop Trading! Cleveland Cliffhanger

Stock quotes in this article: CLF  

Jim Cramer is liking his Cleveland-Cliffs (CLF Quote) call even more now with the stock in heavy takeover talk. Cramer discussed Cleveland-Cliffs on Stop Trading! on May 7, saying he liked the stock off the since-aborted deal between Alcan(AL Quote) and Alcoa(AA Quote). He said at the time that the stock is "finally working."

On Friday's show he said he was confident there'd be a deal soon, possibly within days. The stock was recently trading up nearly 7% to $75.66 in afternoon trading.

Cramer also discussed a report from UBS analyst Alexander Goldfarb that said apartment REITs could be the next attractive takeover area. The group has taken a hit on subprime fears, among other concerns. "We think it's unwarranted," he said. "The private market value remains firm. There's a lot of money out there looking for a home in property."

Some of the names here include Archstone-Smith (ASN Quote) Essex Property Trust (ESS Quote) and Colonial Property (CLP Quote).

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At the time of publication, Cramer had no positions 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. Watch Cramer on "Mad Money" weeknights on CNBC. Click here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click here to order his 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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