Stop Trading!

Try Jim Cramer's Action Alerts PLUS
CLICK HERE NOW

Jim Cramer's Stop Trading! Apple of His Eye

11/29/06 - 02:51 PM EST

AAPL BAC C (Action Alerts PLUS PICK)

TheStreet.com Staff
TheStreet.com Staff

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

Cramer said the fact that Bank of America (BAC - Cramer's Take - Stockpickr) 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 - Cramer's Take - Stockpickr) 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.

At the time of publication, Cramer had no position in stocks mentioned.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Listen to Cramer's RealMoney Radio show on your computer; just click here. Watch Cramer on "Mad Money" at 6 p.m. ET weeknights on CNBC. Click here to order Cramer's latest book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here.

TheStreet.com has a revenue-sharing relationship with Traders' Library under which it receives a portion of the revenue from Traders' Library purchases by customers directed there from TheStreet.com.

Previous Story

Jim Cramer's Stop Trading! Buy Dollar General

TheStreet Picks

Stop Trading!

Go To Section Home

Next Story

Jim Cramer's Stop Trading! Get Well on WellPoint

11/28/06
Jim Cramer's Stop Trading! Buy Dollar General

But do it for the right reasons, Jim Cramer says.


11/27/06
Jim Cramer's Stop Trading! Woeful Wal-Mart

Cramer says it's time for a new CEO in Bentonville.


11/21/06
Jim Cramer's Stop Trading!: Google $750

Cramer says the Net giant is headed higher as long as rates remain stable.


RSS

08/05/08
Three Internet Stocks That Could Double

These forgotten Internet stocks are being accumulated by hedge funds.


08/15/08
The Five Dumbest Things on Wall Street

Raspberries for Apple; You'll be sorry, UBS; Fortress or Fort Knox? Wholly unappetizing Foods; give Liberty AOL or give them...


08/15/08
McCain Fund-Raising Picks Up

The GOP presidential candidate raised $27 million in July.


08/15/08
Cash-Back Cards Aren't Money in the Bank

Some credit and debit cards give you some cash back on purchases. But you need to manage it well to benefit from it.


Your Recent Quotes: Quote Up0 | Quote Down0
Dow S&P 500 NASDAQ
Oil*
Gold
10 Yr
0.00%
%
%
%
Data delayed 20 min
Sign up for our FREE newsletters now. See All

  • Cramer's Daily Booyah!
  • Before the Bell
Submit Privacy Policy

Premium Stock Ideas