Cramer's 'Stop Trading': Heinz, Apple

NEW YORK( TheStreet) -- While option activity has been tremendous for Heinz ( HNZ), Jim Cramer said on his Thursday "Stop Trading!" segment that you don't want to be in the stock without a takeover bid.

Cramer said during "Stop Trading!" that Heinz is a good stock, but it's not General Mills ( GIS).

Cramer predicts the stock will retreat if the takeover speculation proves to be just a myth.

Cramer is also not feeding into the chatter that Apple's ( AAPL) iPad isn't as innovative as expected or will cannibalize its other products.

The life cycle of Apple's stock is as follows: they introduce a new product, hedge funds sell and take profit, investors worry it's not a good product, then six months later they realize the product is great, according to Cramer.

For this reason, "don't make a judgment of the product based on how the stock is moving," he advised.

Cramer owns Apple for his Charitable Trust portfolio.

Meanwhile, while Banco Santander ( BSBR) remains one of Cramer's favorite banks, he says he is currently worried about the stock on concerns over Greece.

"They are a good bank in what is presumably getting to be a bad neighborhood," he said.

Lastly, in regards to President Barack Obama's State of the Union address last night, Cramer said on "Stop Trading!" that the most momentous part of the evening was when Obama embraced Treasury Secretary Tim Geithner.

"We want Geithner in," Cramer said. "He saved the banks, the only group that's up today."

-- Reported by Jeanine Poggi in New York.

Follow on Twitter and become a fan on Facebook.
Copyright 2009 Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.