
Cramer's 'Stop Trading!': Pick Up AT&T
The market "is very easy to manipulate these days," said Jim Cramer on Thursday's "Stop Trading!" segment on CNBC. "It's pretty easy for a desperate hedge fund to move this market up, and we should get used to it."
Oil, too, is easily manipulated, said Cramer. "Oil gets oversold, we get it up a couple of bucks, the buyers come in," he said. "They get
Schlumberger
(SLB) - Get Free Report
going, they get
Transocean
(RIG) - Get Free Report
going, we get a nice rally."
Cramer's often praises retailers for their customer service, but today he said some might take it too far. Articles in
The New York Times
and
The Wall Street Journal
predict that returns are going to "kill Christmas" this year, he said, and
Nordstrom
(JWN) - Get Free Report
and
Sears
(SHLD)
have particularly lenient return policies.
"Nordstrom is famous for taking back everybody else's shirts, not just yours," said Cramer, and he's seen people return five-year-old tools to Sears. "These are stocks to watch on return policy," he said.
As for
AT&T
(T) - Get Free Report
, Cramer said it is "one of the stalwarts in this market. You've got to consider buying this sort of stock."
At the time of publication, Cramer had no positions in stocks mentioned.
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
clicking here.
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.