Jim Cramer's Stop Trading! Buy the Texan

Cramer likes the banks here too.
Author:
Publish date:

Buy

Texas Instruments

(TXN) - Get Report

, Jim Cramer said Friday on

CNBC's

"Stop Trading!" segment.

Cramer said the chip giant has "nothing to do with its cash" but buy back stock, which is why the stock should go to $45 from a recent $36.83.

Cramer also likes the bank stocks, from

Citi

(C) - Get Report

and

JPMorgan

(JPM) - Get Report

to

Wells Fargo

(WFC) - Get Report

and

Bank of America

(BAC) - Get Report

, despite some brokerage downgrades tied to possible loan losses. Cramer said to "downgrade now is wrong" on these stocks, because they had performed so poorly headed into this week's

Fed

rate cut.

At the time of publication, Cramer was long Citi.

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

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