Stocks discussed in Jim Cramer’s Stop Trading! TV program, Friday December 5.
Cheaper oil for heating and fueling cars and lower mortgage rates may create an “an explosive situation of positives,” said Cramer, sounding more bullish than usual. Investors were once the “black hole” in the market, but Hartford Financial’s stock climbed nearly 100% and Toll Brothers was up 7% even after bullish remarks from CEO Bob Toll. Even 6.7% unemployment “ain’t so bad,” said Cramer, comparing the jobless number to those of past recessions. Cramer recommended Celgene going into the American Society of Hematology conference, and likes the fact US Bancorp bought Downey Financial’s deposits. While it is unlikely retailers will beat sales predictions, “The holiday season may not be the disaster that we all thought it was going to be,” Cramer said.
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