Stocks discussed in Cramer's Stop Trading! TV program, Friday November 21
Although Citigroup is being battered by the shorts, Cramer doesn’t think the bank will be allowed to go out of business. However, Citi, AIG and Ford are basically “zombie stocks” staggering along at absurdly low prices.
Cramer is disappointed that CEO Lee Scott is leaving Wal-Mart after completely turning the giant retailer around and making it a pleasant place to shop. He was hoping Scott would stay at least another six years at the helm of Wal-Mart, which has soundly beaten its rival Target.
Cramer still likes Pepsi as a recession-resistant stock and says it works in emerging market countries because those spots are “cash.” However, he is a bit cautious, because Pepsi is in among food stocks that are “under pressure” because they haven’t been hit yet. Cramer would keep an eye on XTO as we go into winter, and praised CEO Bob Simpson. Even in a recession, “we will still turn the heat on,” said Cramer.
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