Cramer's 'Stop Trading!': Cheers for Chubb
"McDonald's(MCD Quote) is good," said Jim Cramer on CNBC's "Stop Trading!" segment on Thursday. "People look at the chart and think it's the worst chart. I say, think about it for more than three days, please."
He recommended buying the stock at $50. "At $50, not here," he said. "You've got to wait till they go lower." McDonald's was recently trading at $52.47. His next recommendation was property and casualty insurance company Chubb (CB Quote). "These guys don't do life insurance. They don't do annuities," he said. "News alert: Not everyone's an idiot. These guys didn't just take their money and buy commercial real estate." "These guys are good. They know how to invest," he said. An even better investor, Cramer said, is Travelers(TRV Quote). These guys aren't idiots. These guys are good. They understand how to invest."- Loading Comments...
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