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Cramer's 'Stop Trading': Heinz, Apple

NEW YORK( TheStreet) -- While option activity has been tremendous for Heinz (HNZ), Jim Cramer said on his Thursday "Stop Trading!" segment that you don't want to be in the stock without a takeover bid.

Cramer said during "Stop Trading!" that Heinz is a good stock, but it's not General Mills (GIS - Get Report).

Cramer predicts the stock will retreat if the takeover speculation proves to be just a myth.

Cramer is also not feeding into the chatter that Apple's (AAPL - Get Report) iPad isn't as innovative as expected or will cannibalize its other products.

The life cycle of Apple's stock is as follows: they introduce a new product, hedge funds sell and take profit, investors worry it's not a good product, then six months later they realize the product is great, according to Cramer.

For this reason, "don't make a judgment of the product based on how the stock is moving," he advised.

Cramer owns Apple for his Charitable Trust portfolio.

Meanwhile, while Banco Santander (BSBR - Get Report) remains one of Cramer's favorite banks, he says he is currently worried about the stock on concerns over Greece.
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SYM TRADE IT LAST %CHG
HNZ $72.49 0.00%
AAPL $113.29 0.00%
BSBR $4.08 0.00%
GIS $57.13 0.00%
FB $91.01 0.00%

Markets

Chart of I:DJI
DOW 16,643.01 -11.76 -0.07%
S&P 500 1,988.87 +1.21 0.06%
NASDAQ 4,828.3250 +15.6170 0.32%

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