Jim Cramer's Stop Trading! Buy Morgan Stanley

Cramer believes expectations are low enough that the stock could run.

Author:: TheStreet.com Staff
Publish date:: Jun 14, 2007 2:50 PM EDT

Buy

Morgan Stanley

(MS) - Get Report

ahead of next week's earnings report, Jim Cramer said Thursday on

CNBC's

"Stop Trading!" segment.

Cramer said he likes the broker because it gets to have comparisons with the mixed quarters at

Goldman

(GS) - Get Report

and

Bear Stearns

(BSC)

, not Tuesday's blowout at

Lehman

(LEH)

"Buy it," Cramer said of Morgan, because the subprime worries surrounding Bear Stearns and to a lesser degree Goldman "have ratcheted down expectations."

Cramer also says investors should ignore

Best Buy

(BBY) - Get Report

because the stock appears rangebound at $45-$50. "No one's focused anymore," Cramer said, so he believes it's not a good bet to try to wait out a possible short squeeze in the stock.

Cramer said he likes hoteliers

Wyndham

(WYN)

and

Marriott

(MAR) - Get Report

but would otherwise avoid the group right now.

At the time of publication, Cramer was long Goldman.

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