Sirius
(SIRI) - Get Report
is wrongly tarred with
XM Satellite's
( XMSR) brush, Jim Cramer said on
CNBC's
"Stop Trading!" segment Tuesday.
"Maybe the good trade here is to go long Sirius and short XM," he said. Sirius "has met every target," while XM has missed every one. "In this market, what's bad for XM is bad for Sirius, even if it shouldn't be."
Cramer also denounced the "high five" tone of conference calls Tuesday by
Goldman Sachs
(GS) - Get Report
and
Best Buy
(BBY) - Get Report
. "Save the high fives, clowns, and just break out the safety nets."
Cramer said stocks are being sold indiscriminately: The only people not unloading
Bancocolombia
(CIB) - Get Report
are those who think it's based in "Bogota, New Jersey."
"Nobody wants to take a risk," Cramer said. "Thank you,
Federal Reserve
governors."
At the time of publication, Cramer had no positions in the stocks mentioned.
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