Stop Trading!
Jim Cramer's 'Stop Trading!': Avoid Financials
Steer clear of financial stocks right now, Jim Cramer told viewers of CNBC's "Stop Trading!" segment Wednesday.
Cramer said he is "consistently concerned about BAC [Bank of America(BAC)]." He predicts it will continue to go lower, and he is "very concerned about this situation." Continuing on negative news in the financials, Cramer said to "stay away" from the financials. He said that Freddie Mac (FRE) and Fannie Mae (FNM) are "technically insolvent." Moving on to technology stocks, Cramer advised looking at Cisco Systems (CSCO) because it "took out its low." Cramer said there is "not a lot of great news in tech," and Oracle (ORCL) has been in a house of pain since reporting its latest quarter. He said that "bottom-fishers in tech are making a big mistake." Moving on to retail, Cramer said that he liked CVS Caremark (CVS). He said that the company recently boosted its dividend and that competitor Rite-Aid (RAD) "was horrible." Wrapping up the segment, Cramer said that "as Rite-Aid breaks down, CVS is the winner."TheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
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| 12,419.86 | 1,313.32 | 2,837.36 | 16.25 |
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151.91
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