"There are very few institutions where everyone knows it will not go out of business," said Jim Cramer on Friday's "Stop Trading!" segment on CNBC. Two examples, he said, are Citigroup (C) - Get Citigroup Inc. Report and General Motors (GM) - Get General Motors Company Report.
"We'll find some way that GM will exist," Cramer said, and as for Citi, "I think we know it's not going to fail. We can't let it fail."
"The short-sellers have ben out to crush" Citigroup, he said, and they've been "able to break this rather successfully." Cramer says there's a chance they could bring the stock down to $1 or $2, which he called "absurd."
Cramer said he was sad to hear that
CEO Lee Scott was retiring. He said Scott "really made Wal-Mart exciting again, and I don't want him to go!"
Cramer said he never thought he'd prefer shopping at Wal-Mart to shopping at
, but he no longer goes to Target. "I urge people to go to Wal-Mart," he said. Scott "turned around Wal-Mart and made it a place you really want to be."
Another stock capturing Cramer's attention was
. "When was the last time we saw a company's numbers raised?" he said. "I know the group's under pressure because it's the last area that hasn't really been sold, but if the numbers go up, think about next year's comparisons. It's going to be really good."
At the time of publication, Cramer was long Wal-Mart.
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