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Jim Cramer's Stop Trading! Sovereign Sob

Check out the stocks Cramer's talking about on Stop Trading!

There's not much to like at Sovereign Bancorp (SOV) , Jim Cramer said on CNBC's "Stop Trading!" Monday.

"It's one of the few that I can't get behind here," he said. "I can't think of a reason to own that one." Sovereign was falling on Monday after an analyst at Friedman Billings Ramsey

cut his estimates on it because of concerns about its consumer-loan exposure. The company also has an owner who "won't let anyone else in," said Cramer.

Google, meanwhile, is poised to go higher, said Cramer, who reiterated his belief the stock

will go to $701.

"Why a 30 multiple when it's got 33% growth?" he asked. Google crested $600 in trading Monday.


(GRMN) - Get Report

should also be moving higher, Cramer said. Garmin was upgraded by Am Tech/JSA Research Monday. "It's going to be a "Garmin Christmas," he said. "Own this thing to Christmas, but then you have to sell it."

And Cramer said that Carl Icahn is not a "dingbat" for upping his stake in

BEA Systems

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. Cramer cited BEA's acquisitive bent and exposure to the growing economy in China. (Check out

Carl Icahn's portfolio on Stockpickr.


At the time of publication, Cramer had no positions in stocks mentioned.

Jim Cramer is a director and co-founder of He contributes daily market commentary for's sites and serves as an adviser to the company's CEO. Outside contributing columnists for and, 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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