What do you mean when you say you're long a stock?-- Nick from Iowa Jim Cramer: Saying you are long a stock just means that you own it. For example, when I say I am long Yahoo! ( YHOO), I am just saying I own Yahoo! shares for my
What are your thoughts on UBS (UBS)?-- David from California Jim Cramer: I believe UBS is a phenomenal company because it is the biggest asset manager in the world and has top-notch investment banking and private banking operations. However, at this time I prefer Goldman Sachs ( GS) because it appears to have the best business mix to exploit current market trends in M&A, private equity and trading. (Note: Cramer is long Goldman Sachs for his
What do you think of Honda Motor (HMC)?-- Michael Jim Cramer: I believe Honda is a phenomenal company and the stock is a great long-term investment. The U.S. automakers are cutting back on capacity, handing market share to the Japanese automakers like Honda, which can actually expand production and increase profits. Energy-efficient cars are extremely hot right now, and Honda has plenty of exposure there.
Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by clicking here.