"Any financial company that fears a rating downgraded should be raising equity to hold off a downgrade," said Jim Cramer on CNBC's "Stop Trading!" segment on Tuesday.
General Electric ( GE) might be an exception. For one thing, S&P already downgraded the stock, to AA+ from AAA, on March 12. For another, "GE does not run a hedge fund of UK homes," said Cramer. Cramer thinks GE's stock is "too cheap," but he cautioned that "I own the stock, I work here," so there might be a better call out there. Cramer said that "in this bullish tape, Google is going way up." With all the talk of the death of newspapers, "every single ad that would have gone in newspapers goes to Google," he said. Finally, Cramer said that Obama's choice of Peggy Hamburg as the next FDA commissioner is good news for Gilead ( GILD).