Jim Cramer's Stop Trading! Buy the Texan
Buy
Texas Instruments
(TXN) - Get Report
, Jim Cramer said Friday on
CNBC's
"Stop Trading!" segment.
Cramer said the chip giant has "nothing to do with its cash" but buy back stock, which is why the stock should go to $45 from a recent $36.83.
Cramer also likes the bank stocks, from
Citi
(C) - Get Report
and
JPMorgan
(JPM) - Get Report
to
Wells Fargo
(WFC) - Get Report
and
Bank of America
(BAC) - Get Report
, despite some brokerage downgrades tied to possible loan losses. Cramer said to "downgrade now is wrong" on these stocks, because they had performed so poorly headed into this week's
Fed
rate cut.
At the time of publication, Cramer was long Citi.
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