Cramer's 'Stop Trading': Ford, PNC
NEW YORK (
) --
Ford
(F) - Get Report
is the play on
Toyota's
(TM) - Get Report
global recall, Jim Cramer decalred during Wednesday's "Stop Trading!" segment on CNBC.
Because while
Honda's
(HMC) - Get Report
cars are similar to Toyota's, Cramer says Ford's numbers are just going to keep getting better and better.
Cramer cites Ford's balance sheet and its ability to eventually get better financing. He predicts Ford will be a $20 stock.
Meanwhile, Cramer declared his favorite trade of the day to be
PNC Financial Services
(PNC) - Get Report
. The company sold $3 billion of stock at $54 a share on Wednesday to pay back its government bailout.
While the stock is down a little less than 1% to $54.19 on the day, Cramer blames it on a bad day in the market, not the company.
Cramer added that the company had a good quarter and investors didn't understand why the stock didn't run. "They were waiting for this deal," he said. "The secondary was well placed.
-- Reported by Jeanine Poggi in New York.
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>>Cramer's 'Stop Trading': Exxon, Art Tech
>>Cramer's 'Stop Trading': Microsoft, Citi
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