NEW YORK (TheStreet) -- On Jim Cramer's Stop Trading! segment on CNBC Tuesday, Cramer said with conviction that Electronic Arts (ERTS) is a play on social media and that Tiger Woods is "meaningless to its bottom line."
Electronic Arts, of course, produces the
Tiger Woods PGA Tour
games, and speculation about how Woods' return to golf would affect sales of these games was widespread as Tiger officially made his return to professional golf at the Masters tournament in Augusta, Georgia Monday.
However, "that is not the driver" to Electronic Arts stock, Cramer declared.
During the segment, Cramer said he liked regional financial firms like
"As these go higher, they get more money," Cramer said. "If they wanted to raise money they could raise more."
Cramer defended these stocks with conviction: "Those who are fighting these stocks are fighting the last war," he said.
In other financial news on Tuesday,
stock was tanking after a deadly explosion at one of its coal mines in West Virginia Monday. At least 25 workers were killed. Meanwhile,
made substantial gains the same day.
"I looked at how Arch opened up," Cramer said.
On the topic of coal stocks, Cramer said he believes that
is a good Chinese coal play. "The stock won't quit," he exclaimed. It's "still very inexpensive."
Cramer also cited Walter Energy's safe mining operations and close port proximity as factors that would allow for easy shipping to major coal market China.
Cramer ended the segment by noting that
decision to invest $1 billion in small business and iPhone investments is not enough.
Cramer said that "AT&T correctly saw the iPhone was going be big, but incorrectly judged" that it was going be the biggest one ever. Nevertheless, Cramer believes the company is a "little gem," whose dividends continue to be safe, despite its transmission problems.
-- Reported by Andrea Tse in New York
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