This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

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) remains one of Cramer's favorite banks, he says he is currently worried about the stock on concerns over Greece.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
HNZ $72.49 0.00%
AAPL $130.28 0.00%
BSBR $5.23 0.00%
GIS $56.38 0.00%
FB $81.53 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs