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

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Includes: AAP, APD, AZO, CB, MNRO, PX, TRV
by: Miriam Metzinger

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

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

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