Jim Cramer's Stop Trading! Buy Baidu

10/12/07 - 02:51 PM EDT

TheStreet.com Staff

Buy Baidu (BIDU Quote - Cramer on BIDU - Stock Picks), Jim Cramer said Friday on CNBC's Stop Trading! segment.

Cramer said the stock is going to $500 from a recent $318, even after Thursday's sudden 10% plunge. Cramer said the selloff was prompted by a downgrade that he said "means nothing to me."

Cramer said BEA Systems (BEAS Quote - Cramer on BEAS - Stock Picks) will fetch at least $20 a share in a buyout by Oracle (ORCL Quote - Cramer on ORCL - Stock Picks), which earlier Friday unveiled a $17-a-share bid for its software rival. Cramer called BEA holder Carl Icahn "money."

Cramer likes Annaly Capital (NLY Quote - Cramer on NLY - Stock Picks), saying it's the best financial stock to own for the rest of the year. Cramer also said Citi (C Quote - Cramer on C - Stock Picks) should hire former Wells Fargo (WFC Quote - Cramer on WFC - Stock Picks) chief Dick Kovacevich or Treasury Under Secretary for Domestic Finance Bob Steel, a former Goldman (GS Quote - Cramer on GS - Stock Picks) exec, to replace the oft-criticized CEO Chuck Prince.

At the time of publication, Cramer was long Citi and Goldman.

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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