"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 Report and General Motors (GM) - Get 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.
Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for
Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click
here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click
here to order his book, "Real Money: Sane Investing in an Insane World," click
here to get his second book, "You Got Screwed!" and click
here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by
TheStreet.com has a revenue-sharing relationship with Traders' Library under which it receives a portion of the revenue from Traders' Library purchases by customers directed there from TheStreet.com.