Cramer's Stop Trading: Berkshire Hathaway
NEW YORK (TheStreet) -- Jim Cramer declared on his Stop Trading! segment on CNBC Monday that "what's good for GM is good for America" -- reiterating his belief that all Americans should be able to benefit from the GM IPO.
Meanwhile, Cramer's top stock pick on Monday was
Berkshire Hathaway
(BRK.B) - Get Berkshire Hathaway Inc. Report
-- a "clear" buy.
Cramer said Berkshire's railroad business is "on fire."
On Friday, Berkshire Hathaway said second-quarter profit fell 40%. While the company's derivative losses dominated news headlines following the second-quarter report, Cramer said they were "all wrong."
Cramer said Berkshire's second quarter was one of the company's best operating quarters.
Another one of his picks was
McDonald's
(MCD) - Get McDonald's Corporation Report
, whose earnings are "accelerating," according to Cramer.
TheStreet Recommends
Cramer said McDonald's is a"well-run company" and he's "blown away" by its current menu.
Cramer's Stop Trading!: P&G, GM |
Click here for Cramer's Thursday Stop Trading! segment |
-- Reported by Andrea Tse in New York
RELATED STORIES:
>>08/06 Cramer's Stop Trading!: P&G, GM
>>08/04 Cramer's Stop Trading!: Owens Corning
>>08/03 Cramer's Stop Trading!: Emerson, NYSE
>>08/02 Cramer's Stop Trading: Ford, Research In Motion
Follow Andrea Tse on
and become a fan on
Copyright 2010 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.