Cramer's Stop Trading! Don't Buy Desperate Banks (5/14/09)

Stocks discussed on Jim Cramer's Stop Trading! TV Segment, Thursday May 14.

KeyCorp (KEY), PNC Financial Group (PNC), Bank of New York Mellon (BK), Capital One Financial (COF), McDonald's (MCD), Yum Brands (YUM), Buffalo Wild Wings (BWLD)

Cramer says it is fine to take advantage of secondary offerings provided that the companies don't actually need the money; "If they don't need the money, love it!" One bank that shouldn't be bought is KeyCorp; Cramer worries about a follow-on dilution after the initial offering. However, PNC Financial is not desperate for money, and Cramer would buy. New York Mellon did not need the money, and is currently trading below its offering price. Cramer added Capital One could potentially be a buy, but he is concerned about rhetoric coming from the White House about credit cards.

Cramer suggested keeping an eye on restaurants; McDonald's, Yum Brands and Buffalo Wild Wings are leading a potential comeback in this sector.

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