NEW YORK (TheStreet) -- On CNBC's "Cramer's Stop Trading" segment, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, was taking a look at the recent departure of a Goldman Sachs (GS) employee.
But not just any employee. Anthony Noto, global co-head of technology, media and telecommunications banking, and also the leader of the Twitter (TWTR) IPO, will be leaving for Coatue Management, a hedge fund.
Cramer had much praise for Noto, but suggested to Goldman Sachs investors that they not sell the stock on this news, saying, "Noto will be missed, but don't sell Goldman."
He suggested that "the M&A business is back," which should help Goldman Sachs going forward.
-- Written by Bret Kenwell in Petoskey, Mich.
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