Buy Goldman Sachs (GS Quote), Jim Cramer said on CNBC's "Stop Trading!" segment Wednesday. He favors Goldman because the financial services firm is the "only one with a business model" in the sector.
Moving onto Crocs(CROX Quote), Cramer briefly discussed an upcoming product from the company. He described it as a light, deck shoe with a canvas covering. Unfortunately, said Cramer, neither Goldman CEO Lloyd Blankfein nor Cramer's own daughter like him in the shoe and he is not long Crocs. Discussing the retail sector, Cramer said that Best Buy's (BBY Quote) move lower today was "a kiss of death for this group." Cramer feels that the retail sector is the second worst after the banks. Boeing (BA Quote) was next on the list of stocks to avoid. With the price of crude continually rising, Cramer said "no one wants Boeing." He said that investors would have to wait about 18 months for a move in the stock; however, that is too long in these market conditions, he said. Cutting to the chase on Lehman Brothers (LEH Quote), Cramer said that investors should go over its recent conference call. He said that it appears that Lehman does not know what is in its portfolio and the devastating part of the call was an exchange between Deutsche Bank analyst Mike Mayo's and Lehman's CEO. Cramer said it was "dreadful" and the stock has been trading down since that part of the call. Lastly, Cramer discussed Panera (PNRA Quote). Cramer mentioned that he is shocked with the company's performance and that Panera is a great company with a fast-food approach to healthy meals. He said that the company has proprietary products and that its loyal customers allow Panera to raise prices and prevail.- Loading Comments...
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