Cramer's Stop Trading! Golden Opportunity (8/6/09)

Stocks discussed on Jim Cramer's Stop Trading! TV segment, Thursday August 6.

Gold Fields (GFI), Agnico Eagle Mines (AEM), Gold SPDR (GLD), Gap (GPS), Urban Outfitters (URBN), AIG (AIG), JC Penney (JCP)

Gold Fields CEO Nick Holland says that gold has a solid foundation at $900 and could go higher. With increasing investment demand and companies hedging themselves strategically, Cramer thinks gold is once again a hot commodity. He likes Gold Fields, Agnico Eagle and Gold SPDR.

Cramer is lukewarm on legendary economist Abby Joseph Cohen's prediction that the Dow will reach 1050-1100 by the end of the year and he comments Joseph Cohen doesn't have the same clout she once did.

Barclays likes Gap, which Cramer thinks is headed to $19-$20, but he added that the best of the trade might be over. He recommends Urban Outfitters and JC Penney instead, and thinks the latter will have a great back-to-school season.

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Comments

[Roger Knights:]

There's a typo in "Cramer is lukewarm on legendary economist Abby Joseph Cohen's prediction that the Dow will reach 1050-1100 by the end of the year"

Change Dow to S&P.

Aug 07 06:43 AM

[Mark123:]

"Abby Joseph Cohen's prediction that the Dow will reach 1050-1100"
LOL.... Don't know anybody that bearish.... You mean S&P

Aug 07 10:12 AM

[carrington:]

AIG has a terrible reputation to be an insureance marketing company. They have already started marketing under one of the companies they acquired, American General Life Insureanc. It msy br s good buy as they have a lot of honest, hard working people. Is the asset side of the balance sheet safe?

Aug 07 01:16 PM

[realold:]

What's new? Carrington must be a product of public schools?

Aug 08 12:40 AM