Cramer's 'Stop Trading': Citi, AIG, Cisco
NEW YORK (
) -- Chatter has begun to build that the government plans to sell its 27% stake
Citigroup
(C) - Get Report
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) - Get Report
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) - Get Report
unveiled a faster Internet router on Tuesday. Cramer declared that to be an "anti-
Juniper
(JNPR) - Get Report
" 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) - Get Report
, for one, could stand to benefit from a beefed up router.
Yum's
(YUM) - Get Report
stock is catching up, and Cramer said he was surprised that it wasn't jumped on yesterday when
McDonald's
(MCD) - Get Report
reported good sales in China.
Yum is struggling with its Pizza Hut brand, which Cramer predicts won't see a turnaround. But this snag is overshadowed by China, which should drive the stock higher, Cramer said.
Regardless, Cramer declared that he likes
Chipotle Mexican Grill
(CMG) - Get Report
more.
-- Reported by Jeanine Poggi in New York.
Follow TheStreet.com on
and become a fan on
