Jim Cramer's 'Stop Trading!': GS Worth It
Washington Mutual (WM Quote) is up, and "this is integral to my bottom thesis," Jim Cramer told viewers of CNBC's "Stop Trading!" segment Thursday.
Cramer said "the banks let us down, now they're leading us back up with new leadership." As we come down, he said, you want to buy not sell. "I suspect they will be hit with employment numbers tomorrow," Cramer said. Weighing in on Goldman Sachs (GS Quote), Cramer stated: "I would own it forever for my charity [Action Alerts PLUS charitable trust]; it's expensive vs. the other banks, but still inexpensive for its price." Commenting on Disney (DIS Quote), Cramer said "theme parks were up" and he wishes the company's quarter was not focused on the last few week with its advertising decline as "that is all people are focused on." He concluded of Disney: "This stock is beginning to be beat up too aggressively," but this "is great stock if you only had to buy one for your kids." Wrapping up the today's segment, Cramer stated that he likes Walter Industries (WLT Quote) as "they just made an announcement about having more coal available, and this is the ideal conglomerate to buy in this type of market."- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,390.11 | 1,103.25 | 2,189.61 | 34.48 |
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