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Stocks discussed on Jim Cramer's Stop Trading! TV Segment, Wednesday July 22.

Morgan Stanley (MS), Goldman Sachs (GS), KB Home (KBH), Lennar (LEN), NVR (NVR), Philip Morris (PM), Apple (AAPL), Microsoft (MSFT) and Intel (INTC)

Cramer thinks it is unfair to compare Morgan Stanley with Goldman Sachs, since the latter bank is 6 to 9 months ahead, has a better book of business and no real estate. He said that Morgan Stanley reported a "fine" quarter; Cramer expects it to increase book value in 2010 and thinks not many people really understood the goodwill accounting used in the acquisition of Smith Barney.

Housing seems to be appreciating in value, and Cramer sees a turn in Lennar and KB Homes. Cramer recommended Washington DC-based NVR as a play on an increase in hiring by the government.

Cramer says Philip Morris is a "quintessential growth stock" but only overseas, since the tobacco business is not faring well in the U.S. He also likes PM's 5% dividend.

Tech may again lead the market as it did in the late 90s with names like Apple, Microsoft and Intel at the top. The sector is driven by product-cycle growth rather than GDP growth, and Cramer comments that mobile internet has been "explosive."


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Source: Cramer's Stop Trading! A New Tech Era (7/22/09)