Stop Trading!

Return to Article

Jim Cramer's Stop Trading! Sitting on Citi

TheStreet.com Staff

"We want a banker" leading Citigroup (C), 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) or Jamie Dimon from JPMorgan (JPM). Kovacevich, Cramer said, is "America's greatest banker."

Cramer said he likes Kimberly-Clark (KMB), 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), Cummins Engine (CMI) should be down more.

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