Jim Cramer's Stop Trading! Shut Up, Google
TheStreet.com Staff
02/28/06 - 03:53 PM EST
Google(GOOG), a "master of misfortune when telling its own story," should shut up and let its earnings do the talking, Jim Cramer said on
CNBC's "Stop Trading!" segment Tuesday.
"They should just let the numbers tell the story like Warren Buffett does, and not give us all this granularity," Cramer said of Google, which was recently down about 8% after its chief financial officer said growth was slowing. "They like to under-promise, and they
can over-deliver."
Cramer also said
Sherwin-Williams(SHW) could go to $50 or $52 after a Rhode Island judge ruled that plaintiffs in a lead paint suit can't seek punitive damages against the company.
"Insiders are buying hand over fist, they just raised the dividend," and a CSFB analyst who "panicked" last week will probably upgrade the stock, Cramer said.
Regarding brokerage shares, Cramer said he would buy the group after bears are finished bashing
Lehman(LEH) and move on to
Bear Stearns(BSC),
Goldman Sachs(GS) and
Merrill(MER).
"I would not buy this group until the bears finish their raid," Cramer said. After that, the stocks will probably be cheap. "Goldman is selling at 11 times earnings. You'd think it was a steel mill."