Cramer's Stop Trading! How to Trade Chrysler's Bankruptcy (4/30/09)

Stocks discussed on Jim Cramer's Stop Trading! TV Program, Thursday April 30.

Traveler's Insurance (TRV), Chubb Insurance (CB), Autozone (AZO), Advanced Auto Parts (AAP), Munro Muffler& Brake (MNRO), Praxair (PX), Air Products and Chemicals (APD)

On news of Chrysler's bankruptcy, Cramer thinks Autozone, Advanced Auto Parts and Munro Muffler & Brake are all buys. He thinks MNRO is probably the cheapest.

Cramer dismissed bearish comments about Traveler's insurance which he says "has the single best investment record of any insurance company with the possible exception of Chubb" and is a buy down at $1.50 because the negative sentiment is already priced in..

Cramer doesn't think Air Products and Praxair are true cyclicals because they have avoided problems during the recent downturn. He says both are still inexpensive, even after their runs.

::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::

Seeking Alpha publishes a summary of Jim Cramer's stock picks every day including: Mad Money Recap, Lightning Round and his Stop Trading! Picks.

Get Cramer's Picks by email-- it's free and takes only a few seconds to sign up.

Seeking Alpha is not affiliated with Jim Cramer, CNBC or TheStreet.com

Comments

[Econ 101:]

Shine a light on the cockroaches, watch them scatter

Support HR 1207, an Audit of the Federal Reserve:
www.govtrack.us/congre...

Find your congress person:
www.house.gov/house/Me...

Why is BHO looking like Bush Lite??
www.oftwominds.com/blo...

May 01 12:04 PM