Jim Cramer's Stop Trading! Buy Baidu
Buy
Baidu
(BIDU) - Get Report
, Jim Cramer said Friday on CNBC's Stop Trading! segment.
Cramer said the stock is going to $500 from a recent $318, even after Thursday's sudden 10% plunge. Cramer said the selloff was prompted by a downgrade that he said "means nothing to me."
Cramer said
BEA Systems
(BEAS)
will fetch at least $20 a share in a buyout by
Oracle
(ORCL) - Get Report
, which earlier Friday unveiled a $17-a-share bid for its software rival. Cramer called BEA holder Carl Icahn "money."
Cramer likes
Annaly Capital
(NLY) - Get Report
, saying it's the best financial stock to own for the rest of the year. Cramer also said
Citi
(C) - Get Report
should hire former
Wells Fargo
(WFC) - Get Report
chief Dick Kovacevich or Treasury Under Secretary for Domestic Finance Bob Steel, a former
Goldman
(GS) - Get Report
exec, to replace the oft-criticized CEO Chuck Prince.
At the time of publication, Cramer was long Citi and Goldman.
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