Cramer's Stop Trading!: Apple, Citi, Google - TheStreet


NEW YORK (TheStreet) -- On his Thursday Stop Trading! segment on CNBC, Jim Cramer said he doesn't think the work on financial regulatory reform can be completed before the G20 conference.

Furthermore, bank stocks can't rally until these decisions are made, Cramer lamented. "The group is stalled ... they are an underperforming group right now ... Morgan Stanley, which I really want to buy ... you don't know what the business is going to look like." Cramer said that all this is a shame, considering that bank stocks make up such a big portion of the S&P.

Still,

Citi

(C) - Get Report

is a stock Cramer would continue to stick with, even amid the uncertainty. Investors will still want to buy regionals like

PNC Financial Services

(PNC) - Get Report

, he added.

>>Video: Citigroup Stock Could Triple

As

Goldman Sachs

(GS) - Get Report

continues to fight regulators over alleged illegal business activities, Cramer wondered, why "direct people to a Goldman, when you have a

JPMorgan

(JPM) - Get Report

, doing fabulous business, with new deals occurring in China. He believes that JPMorgan shares could explode and be his "number one" name with the resolution of financial regulatory reform.

This week, the annual Piper Jaffray Consumer Conference took place between June 8 and June 9, which brought Cramer to the topic of retailers. "The group's a coiled spring," he said, describing its relative immunity to the day-to-day worries about the euro and China economy.

That said, he thinks that

Ross Stores

(ROST) - Get Report

and

TJX

(TJX) - Get Report

are "fantastic;"

Skechers

(SKX) - Get Report

,

Steven Madden

(SHOO) - Get Report

and

Jones Apparel

(JNY)

are "on fire;" and

Coach

(COH)

is doing "fantastically," and is one of the most attractive growth names of the group.

Cramer added that

J. Crew's

( JCG) wedding division is doing very well; furthermore euro weaknesses could help the company with material purchasing costs. Cramer thinks J. Crew has had the best quarter of all the retailers.

But, according to Cramer,

Deckers Outdoor

(DECK) - Get Report

is the "number one" of this group. Cramer calls its Teva brand the company's "second leg."

Deckers,

Netflix

(NFLX) - Get Report

,

Chipotle

(CMG) - Get Report

,

salesforce.com

(CRM) - Get Report

, "candies," as Cramer likes to call them, are among the best ways to play the market snap back, he said. "They are great consumer names that are loved by Wall Street."

Towards the end of his

Stop Trading!

segment, Cramer reiterated his preference for

Baidu

(BIDU) - Get Report

over

Google

(GOOG) - Get Report

, after the latter exited China. Furthermore, if he had to choose between Google and

Apple

(AAPL) - Get Report

, he would put his money in Apple. "I think it's the best company in the world ... an amazing juggernaut."

Cramer said the products that Apple makes should be a major point of pride for the U.S.

Cramer's Stop Trading: Nike, Caterpillar

Click here for Cramer's Wednesday Stop Trading! segment.

-- Reported by Andrea Tse in New York

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