Cramer's 'Stop Trading': Heinz, Apple

Jim Cramer says he wouldn't be a buyer of Heinz without a bid.
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NEW YORK(

TheStreet

) -- While option activity has been tremendous for

Heinz

(HNZ)

, Jim Cramer said on his Thursday "Stop Trading!" segment that you don't want to be in the stock without a takeover bid.

Cramer said during "Stop Trading!" that Heinz is a good stock, but it's not

General Mills

(GIS) - Get Report

.

Cramer predicts the stock will retreat if the takeover speculation proves to be just a myth.

Cramer is also not feeding into the chatter that

Apple's

(AAPL) - Get Report

iPad isn't as innovative as expected or will cannibalize its other products.

The life cycle of Apple's stock is as follows: they introduce a new product, hedge funds sell and take profit, investors worry it's not a good product, then six months later they realize the product is great, according to Cramer.

For this reason, "don't make a judgment of the product based on how the stock is moving," he advised.

Cramer owns Apple for his Charitable Trust portfolio.

Meanwhile, while

Banco Santander

(BSBR) - Get Report

remains one of Cramer's favorite banks, he says he is currently worried about the stock on concerns over Greece.

"They are a good bank in what is presumably getting to be a bad neighborhood," he said.

Lastly, in regards to President Barack Obama's State of the Union address last night, Cramer said on "Stop Trading!" that the most momentous part of the evening was when Obama embraced Treasury Secretary Tim Geithner.

"We want

Geithner in," Cramer said. "He saved the banks, the only group that's up today."

-- Reported by Jeanine Poggi in New York.

>>Cramer's 'Stop Trading': Bet on Bernanke

>> Cramer's 'Stop Trading': Obama Portfolio

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