Teva and other Israeli stocks have been experiencing a sell-off as the country undergoes a reclassification in the international stock indices as a developed market. Teva stock, Cramer said, is not being hurt by Europe and will reverse itself. Cramer on Wednesday again emphasized that Jean-Claude Trichet, president of the European Central Bank, really needs to get his act together; the markets cannot have a sustained rally until they "speak up and say something," according to Cramer. He believes that the ECB needs to do a quantitative ease soon. In this market, "every rally is going to be a sell opportunity except for high-yield stocks," he said. Cramer cautioned against getting too excited about any market rally these days. >>Search for Highest Dividends by Rate or Yield Cramer lamented that Banco Santander ( STD) and Banco Bilbao ( BBVA), two large Spanish banks, are good banks -- just in the wrong country. "They could use a TARP in Europe," he said.
NEW YORK (TheStreet) -- On his Wednesday Stop Trading! segment on CNBC, Jim Cramer said to keep an eye on Teva Pharmaceutical Industries (TEVA - Get Report), which Cramer owns for his charitable trust, because unlike many of the other stocks that are trading in negative territory Wednesday, it's down purely for technical reasons.
Cramer's Stop Trading!: Vodafone, IBM
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