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Jim Cramer's 'Stop Trading!': Go With GM

The automaker won't be a union shop for long, Cramer says.

Get into General Motors (GM) - Get General Motors Company (GM) Report, Jim Cramer said on CNBC's "Stop Trading!" segment Tuesday.

The auto giant is a "heavily unionized company, and it's going to be non-unionized," Cramer said. "This is a non-union company very soon. I salute GM." He recommended preferred shares for more conservative investors.

Cramer weighed in on Kynikos Associates' Jim Chanos' short position in bond insurers

MBIA

(MBI) - Get MBIA Inc. Report

and

Ambac

(ABK)

. The move makes "a huge amount of sense," Cramer said. "The Buffett thing is really bad" for these companies.

"I admit Chanos is a rigorous thinker. I have watched his thinking for 20 years," Cramer added, recalling the investor's excellent call on Boston Chicken, which filed for bankruptcy in the late 1990s.

Cramer also discussed Pershing Square Capital founder Bill Ackman's call on

Sears

TheStreet Recommends

(SHLD)

. Cramer agrees with Ackman's long position in the retailer. "In Eddie Lampert I trust," he proclaimed, referring to Sears' chairman. "I'm not going back on my view."

Cramer continued, "It's very clear that this is a housing recession and

Sears is housing." He said he thinks critics have been too hard on Lampert and Sears.

At the time of publication, Cramer was long Sears.

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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