Jim Cramer's Stop Trading! Buy Morgan Stanley

Stock quotes in this article: MS , MT , SPF , HAYN , RS  

Buy Morgan Stanley (MS Quote), Jim Cramer said Wednesday on CNBC's "Stop Trading!" segment.

Cramer said there are "50 reasons" to back the big brokerage, which has turned its business around in the two years since John Mack rejoined as CEO. Cramer sees the stock continuing higher from its recent run to within a dollar of a 52-week high.

Cramer recommended buying Haynes (HAYN Quote) and Reliance (RS Quote) off comments by Lakshmi Mittal, CEO of Mittal (MT Quote), that he wants to buy more metals companies.

Cramer also said to buy homebuilder Standard Pacific (SPF Quote) off a positive call on possible consolidation in the industry.

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At the time of publication, Cramer had no positions 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. Watch Cramer on "Mad Money" weeknights on CNBC. Click here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click here to order his 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.

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