Cramer's Stop Trading! Any Clarity for Healthcare? (6/16/09)

Includes: BAC, GE, JPM, NUE, PMR, RTH, UNH
by: Miriam Metzinger

Stocks discussed on Jim Cramer's Stop Trading! Tuesday June 16.

United Health (NYSE:UNH), JP Morgan Chase (NYSE:JPM), Bank of America (NYSE:BAC), General Electric (NYSE:GE), Nucor (NYSE:NUE), Retail HOLDRS (NYSEARCA:RTH), Powershares Dynamic Retail ETF (NYSEARCA:PMR)

Rumors about Obama's healthcare plan are hurting healthcare stocks, and Cramer prefers clarity on the situation, even if that means hearing bad news. Once the situation becomes clear, Cramer thinks United Health might be a potential buy, because of its strong performance.

Cramer noted how many stocks are reaching their option strike prices, with JP Morgan approaching $35 and Bank of America and General Electric nearing $12.50; “Stay tune for expiration,” Cramer said. “It’s in charge when the volume is this light."

Steel looks better, although there is some worries that the price is being manipulated. Cramer pointed to Nucor, which is seeing its orders growing.

Cramer prefers PMR to Retail HOLDRS, which he considers to be a failed index and "is not a good judge anymore."


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