Buy Baidu (BIDU Quote), 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) will fetch at least $20 a share in a buyout by Oracle (ORCL Quote), 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), saying it's the best financial stock to own for the rest of the year. Cramer also said Citi (C Quote) should hire former Wells Fargo (WFC Quote) chief Dick Kovacevich or Treasury Under Secretary for Domestic Finance Bob Steel, a former Goldman (GS Quote) exec, to replace the oft-criticized CEO Chuck Prince.- Loading Comments...
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