Cramer's Stop Trading! Lloyd Blankfein, Stop Feeling Guilty (11/18/09)

Stocks discussed on Jim Cramer's Stop Trading TV Segment, Wednesday November 18.

TJX (TJX), Target (TGT), Diana Shipping (DSX), Semitool (SMTL), Cadence Design Systems (CDNS), Goldman Sachs (GS)

Cramer thinks TJX (TJX) should not have been sold off along with the rest of retail this week, especially after it reported a strong quarter and guided up. Management said, “things were good but they could be tough,” but Cramer says TJX is not Target (TGT) and those who sold made a big mistake.

To Goldman Sachs CEO Lloyd Blankfein's apology for the firm's role in the credit crisis, Cramer said, "Stop feeling so darn guilty!" for Goldman's success. He applauded his move, however, to donate $500 million to small businesses.

After a long time in the doldrums, bulk shippers appear to be back with rising day rates and increasing demand for commodities. Cramer thinks shippers like Diana (DSX) will restore their dividends to their former levels.

Semitool (SMTL) is going to be taken over, and Cramer thinks Cadence (CDNS) might have a similar fate. While he has been disappointed in the stock, Cramer sees a potential turnaround for Cadence.

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Comments

[107Sid]

Those looking for a shipping play should consider GNK...maybe the best bulk shipping company in the business..

2009 Nov 19 04:57 PM