Jim Cramer's Stop Trading! Apple of His Eye

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TheStreet.com Staff

11/29/06 - 02:51 PM EST

Citigroup (C Quote) chief Chuck Prince must go, Jim Cramer said Wednesday on CNBC's Stop Trading! segment.

Cramer said the fact that Bank of America (BAC Quote) has now lapped Citi in market capitalization points up Prince's shortcomings as a banker. Cramer applauded Prince's progress on the regulatory front but said the bank has been floundering operationally.

Asked to compare the two names, Cramer said he would buy Bank of America because "it is a stock." He said Citi, given Prince's failure to take decisive action, is basically a bond. Cramer said Citi would jump 10% were Prince to leave.

Cramer also called Apple (AAPL Quote) the "buy of the century" at a recent $90, saying he believes its iPhone device will capture the lucrative ring-tone market. "Buy the heck out of Apple," he counseled.

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