Cramer's Stop Trading!: EOG, Goldman

On Wednesday's Stop Trading! segment on CNBC, Jim Cramer declares that "steel's come up too much...but that's Chinese-related."
Author:
Publish date:


NEW YORK (TheStreet) -- On Wednesday's Stop Trading! segment on CNBC, Jim Cramer declared that "steel's come up too much...but that's Chinese-related."

The first stock that Cramer analyzed Wednesday was

EOG

(EOG) - Get Report

, the natural gas and oil exploration company, which, as Cramer noted, "went and gave a presentation."

Clearly such presentations helped, Cramer noted, because the company went through its program and people just "ate it up...and then some." Cramer said EOG made major gains today, climbing by more than 6% to reach $103.37, some 30 minutes before the closing bell.

In light of this, Cramer drew comparisons with

Family Dollar

(FDO)

, whose chairman Levine told a "fabulous story" that ramped up the stock.

Cramer is currently impressed with Family Dollar's product mix. It's got a "good holiday mix" too, he said. He also likes that they've been having much better controls over pricing of late.

Having worked at

Goldman Sachs

(GS) - Get Report

, Cramer had strong views about Goldman, which on Wednesday published a letter to shareholders trying to reassure them that their clients' interests are of primary importance to them.

It's "classic Goldman ... I mean that in a positive way," Cramer said. Cramer noted that "they are a hated firm," but said he doesn't believe that Goldman's able to "fool everyone," especially with regards to its clients.

Cramer said there are "real consequences" if Goldman had been going against its clients. Goldman Sachs has, of course, been accused for some time of having sold subprime mortgage-backed securities and then betting that they would default -- in effect, trading against the interests of its own clients.

-- Reported by Andrea Tse in New York

Follow TheStreet.com on

Twitter

and become a fan on

Facebook.

Copyright 2010 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.