Cramer's 'Stop Trading': Citi, AIG, Cisco

 

NEW YORK (TheStreet) -- Chatter has begun to build that the government plans to sell its 27% stake Citigroup(C) within the next three months -- and Jim Cramer, on his Stop Trading! segment on CNBC, announced that he's all bullish as ever regarding the stock.

Cramer, declaring that "supply begets demand," said he believes that if an equity offering does come about, investors would "eat right through" the shares.

Cramer predicts the stock will go back to trading in the $4 range.

Meanwhile, American International Group(AIG) is rallying following its announcement that it plans on paying down a significant amount of its debt.

Cramer says the fledgling insurer still has many significant assets to sell off.

"The government is the stock," he said. "This is a company that should have been in receivership."

Moving on to the tech sector, Cramer noted that Cisco Systems(CSCO) unveiled a faster Internet router on Tuesday. Cramer declared that to be an "anti-Juniper(JNPR)" announcement.

"It is really important to have a router service providers want to buy," he said. "They will spend on this."

Cramer added that AT&T(T), for one, could stand to benefit from a beefed up router.

TheStreet Premium Services    For Personal Service: 877-471-2967

Jim Cramer
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn More
New: ETF Profits
ETF Profits:
Get money-making ideas from the hottest investment vehicle on the planet. Our experts show you how to play various ETF sectors to help pump-up your portfolio. Learn More
OptionsProfits
OptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn More
Doug Kass
Real Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn More
Stocks Under $10
Stocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn More
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.
blog comments powered by Disqus
Dow Jones S&P 500 NASDAQ 10-Year Note
12,772.96 1,339.79 2,905.90 19.86
Oil *
117.12
DOWN
117.50
DOWN
12.16
DOWN
21.33
DOWN
0.61
10 Yr
1.99%
SPDR Gold
166.92
-0.91%
-0.90%
-0.73%
-2.98%
Data delayed 20 minutes

Top Stories and Tools

Brokerage Partners

After the Bell

Before the Bell

Booyah! Newsletter

ETF Daily

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

We respect your privacy.
Podcasts

Connect with TheStreet