Cramer's Stop Trading! Mastercard's Resistible Rise (11/6/08)

Recap of Jim Cramer’s comments on Stop Trading!  Thursday November 6.

Mastercard (MA), Verizon (VZ), AT&T (T), Colgate (CL), Clorox (CLX)

 

Cramer recommended buying companies like Clorox and Colgate which reported strong quarters and pulled back. Concerning Mastercard’s stock price jumping 10 points up after Cramer discussed the stock: "I didn't want to see that," he said. "When you have a stock that jumps like that, you're going to attract shorts. That's not what I wanted." Verizon and AT&T is Cramer’s “juicy trade” currently and says these two companies are examples of “what to buy” on a pullback as opposed to “what to sell” in a panic.

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Comments

[Market Folly:]

love mastercard as a long term play... tons of near-term headwinds though unfortunately. not to mention, tons of hedge funds in this name (i track hedge funds on my blog) and so there's always the potential for them to unwind their trades due to deleveraging, redemptions, blow-ups, etc.

MA sitting on long-term support on the chart around $120: www.marketfolly.com/20...

here's some funds in the name: legendary investor julian robertson: www.marketfolly.com/20...

hedge fund atticus capital (down big this year... fear of blowing up/further redemptions): www.marketfolly.com/20...

hedge fund tudor investment corp (global macro.. doing decent this year): www.marketfolly.com/20...

2008 Nov 07 10:00 AM