Cramer's Stop Trading! Citigroup Is Red Hot (8/11/09)

Includes: ANTM, C, CI, FRT, NYX, UNH
by: Miriam Metzinger

Stocks discussed on Jim Cramer's Stop Trading! TV Segment, Tuesday August 11

Citigroup (NYSE:C), Well Point (WLP), United Health Group (NYSE:UNH), Cigna (NYSE:CI), NYSE Euronext (NYSE:NYX), Federal Realty Investment Trust (NYSE:FRT)

Cramer says Citigroup has been "red hot" and should reach $6. He welcomed the bank's TARP report which was essential for fixing its PR problems. Cramer says it is time to stop seeing Citigroup as "public enemy number one."

Strong performance from WellPoint, United Health and Cigna is a sign that Obama's public-option plan is probably not going to have legs. Cramer would buy Well Point, because it has the least exposure to Medicare Advantage.

IPOs are on the rise and so is NYSE's share price. Cramer notes Federal Realty Investment Trust is up $2 from its $57.50 secondary offering. The strength of Federal Realty is a sign that commercial real estate might not be so damaged and that the economy may be a lot stronger than people think.


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