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 are bottoming, but that machinery, steel, and copper can still go lower, and might bottom out by the end of the week.
*United Tech (UTX), Bank of America (BAC), Citigroup(C), and Pepsi. (PEP): These are stocks Cramer believes are benefitting from the stock slide through buybacks.
*Abercrombie and Fitch (ANF) and Hewlett-Packard (HPQ): Cramer notes that these stocks would be up a lot more, if not for the slump. ANF had a "monster quarter", and Cramer describes CEO of HPQ, Mark Hurd, as a "savior".
*Cramer also argued 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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