Stock Search: McDonald's Makes List
Wells Fargo ( WFC) tops the stock-search list on TheStreet.com as it stands to benefit from early, aggressive writedowns of its bad assets. The bank took on a load of bad debt when it acquired Wachovia and may be in a better position now that other banks that have delayed the inevitable toxic-asset writedown. Citigroup ( C) stays under the microscope as Treasury Secretary Tim Geithner sought government power to seize banks that threaten the U.S. economy.
RealMoney contributor Dan Dicker suggests some option trades for Bank of America ( BAC) in his Trade of the Day video. JPMorgan Chase ( JPM) says the honeymoon is officially over as it sues Washington Mutual, the bank it acquired, for assets it claims belong to JPMorgan as a result of the acquisition. Insurance giant AIG ( AIG) can't catch a break as one of its top executives resigned over bonus-gate and sent the resignation letter to The New York Times op-ed section. Cramer mentioned that investors should pick up shares of McDonald's ( MCD) on his Mad Money show. The rumors continue to swirl around Sun Microsystems ( JAVA) and IBM ( IBM) merging, as investors pick apart the potential concerns about such a deal. Procter & Gamble's ( PG) dividend history was highlighted on Cramer's "Mad Money" show. Phone-replacement sales have slowed, affecting all mobile-phone makers. Even market leader Apple ( AAPL) is affected by by slowing sales. And finally, General Electric ( GE) continues its recent positive momentum. The stock is in Cramer's Action Alerts PLUS portfolio. For more of what Cramer is trading, email us at firstname.lastname@example.org for your free trial!