Jim Cramer's Stop Trading Stock Picks and Comments 5/17
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Recap of Jim Cramer’s comments on Stop Trading, Wednesday, May 17. Click on a stock ticker for more analysis:
*Cramer notes that bank, semiconductor and health care stocks seem to be finding their bottom, whereas machinery, copper and and steel might bottom out later in the week.
*Cramer identifies stocks that are benefitting from buybacks after the recent downturn: United Tech (UTX), Bank of America (BAC), Citigroup(C), and Pepsi (PEP).
*Abercrombie and Fitch (ANF) and Hewlett-Packard (HPQ): Cramer says these are great companies that would be up a lot more if it weren't for the "generalized pain". Cramer calls HPQ Chief Executive, Michael Hurd, a "savior".
*Cramer argues that gold is suffering because of selling in related exchange-traded funds, where the "specialists can't handle the pressure of ETFs and regular stocks."
More: Cramer's latest stock picks, including: Mad Money Recap, Lightening Round, Stop Trading and his Radio Show.
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