Cramer's Stop Trading! One of the Best-Run Banks in the World (8/20/09)

Stocks discussed on Jim Cramer's TV Stop Trading! Thursday August 20.

Citigroup (C), First Niagara (FNFG), BB&T (BBT), Banco Bilbao Vizcaya (BBV), Whirlpool (WHR), Sears (SHLD), Google (GOOG)

Cramer has seen his bullish predictions in financials bear fruit with gains for Citigroup, First Niagara and BB&T. His next favorite bank is Banco Bilbao Vizcaya, which he calls "one of the best-run banks in the world." BBV has been as high as $23, and Cramer thinks it will go much higher from its current level of $16.

Cramer discussed strong performance for Whirlpool on the announcement that the government will give consumers $300 million in rebates to buy electronics. Sears, however, failed to see an upside on the news. However, Cramer thinks Sears might be a good bet, especially after Whirlpool has risen so much already.

While Cramer has been bullish on Google, he was skeptical concerning Goldman Sachs's upgrade of the tech giant. He says the upgrade was due to the expectation of multiple expansion, which "is never a good reason to buy a stock."

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Comments

[Advill:]

No doubt about BBV and STD

Aug 21 04:39 PM

[hemibarracuda:]

Cramer also said the same day to buy HMOs for the multiple expansion. (never a good reason?)

Aug 22 04:19 PM

[FloridaBoy2:]

They have been beaten down because of politics. *I* don't see an expanding multiple for Google though..but I could be wrong. There is a lot of institutional money on the sidelines.


On Aug 22 04:19 PM hemibarracuda wrote:

> Cramer also said the same day to buy HMOs for the multiple expansion.
> (never a good reason?)

Aug 22 05:40 PM

[prudentinve...:]

I had owned WHR for its dividend for many years, selling it all when it got to the mid-80's a couple of years ago, which I thought was too rich a valuation, even with the then thriving house-ATM bubble.

Earlier this year, I again loaded up on it in the low-30's to low 20's, expecting to hold it for many years. However, the unexpected generosity of those who wished to pay mid-50's to low-60's for it overcame my desire to hold it long-term, and I confess that I had to let them have it. I hope I can buy it back at a lower price, but, if not, I am grateful for such an unexpected, quick and tidy profit.

Aug 23 03:29 PM

[danno:]

Cramer is entertainment, not serious investing. Can't you tell the difference.

Aug 24 12:24 AM

[wms:]

Reached a 2 year HI

Aug 24 11:23 AM

[MarvinMBA:]

GE is now a bargain and will be a bigger bargain when the household appliances start turning around...MarvinMBA

Aug 25 12:17 AM

[jarco:]

Remember when Cramer was touting Sears Holdings? I'm not sure if his program even falls under the "entertainment" catagory any more.

Aug 28 11:53 AM