Stop Trading!

Try Jim Cramer's Action Alerts PLUS
CLICK HERE NOW

Jim Cramer's 'Stop Trading!': Goldman Glitters

06/19/08 - 03:40 PM EDT

BBT GS (Action Alerts PLUS PICK) JPM NRG

TheStreet.com Staff
TheStreet.com Staff

Goldman Sachs (GS - Cramer's Take - Stockpickr) is the only bank to own in a toxic sector, Jim Cramer said on CNBC's "Stop Trading!" segment Thursday.

Cramer said that Goldman, which he owns for his Action Alerts PLUS newsletter, is up 18 points, and he sees that as "a sign of health, not of toxins." Cramer said the note it put out on banks needing to raise more capital was sheer brilliance.

Cramer dislikes financial holding company BB&T(BBT - Cramer's Take - Stockpickr) and said you "just can't own these stocks." Cramer believes Goldman said everything you need to know about this company already.

Cramer also said that he dislikes JPMorgan Chase(JPM - Cramer's Take - Stockpickr) and believes that "the Bear deal didn't work out, [and] as you can see by the stock price," the companies have no synergy and Bear gave them nothing.

Cramer said he also likes power generation company NRG Energy (NRG - Cramer's Take - Stockpickr), because demand for power will continue to grow in the U.S.

At the time of publication, Cramer was long Goldman Sachs.

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.

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 Goldman

TheStreet Picks

Stop Trading!

Go To Section Home

Next Story

Jim Cramer's 'Stop Trading!': Rio's Right

06/18/08
Jim Cramer's 'Stop Trading!': Buy Goldman

This firm gets it right.


06/17/08
Jim Cramer's 'Stop Trading!': Drill Into Nabors

Cramer says the oil drillers are a good play on McCain's plan to lift the offshore drilling ban.


06/16/08
Jim Cramer's 'Stop Trading!': Buy RIM

The BlackBerry maker has better momentum than rival Nokia, Cramer says.


RSS
RSS
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