Cramer's Stop Trading! J. Crew at a Discount (12/1/08)

Stocks discussed in Jim Cramer's Stop Trading! program, Monday December 1.

J.Crew (JCG), Apple (AAPL)

Cramer didn’t think the huge drop in the Dow was a reason to panic, but saw the decline as a natural reaction to the harried mark-ups last week by money managers who were struggling to compensate for a lackluster November. The government’s aid to Citigroup, Fannie and Freddie are signs the market might be looking up. Now all is needed are European Central Bank and Bank of England rate cuts to help “blunt this decline.”

Retail sales were better-than-expected, and Cramer highlighted J. Crew as a stock to watch. In spite of inventory problems, Cramer thinks $9 is a good price for a quality retailer. Cramer said Apple is a “stronger stock than people realize.”

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