Cramer's Stop Trading! On the Sunny Side of State Street (11/30/09)

Includes: C, MGM, MS, NUE, STLD, STT, WYNN
by: Miriam Metzinger

Stocks discussed Cramer's Stop Trading! TV Segment, Monday November 30.

Citigroup (NYSE:C), MGM Mirage (NYSE:MGM), Wynn Resorts (NASDAQ:WYNN), Nucor (NYSE:NUE), Steel Dynamics (NASDAQ:STLD), State Street (NYSE:STT), Morgan Stanley (NYSE:MS)

Cramer doesn't think that Dubai will do any long-term damage to the markets, and commented that Citigroup (C) is the only U.S. bank to have significant exposure to Dubai. MGM Mirage (MGM) is likely to have a setback because of the debacle, since Dubai World owns 6% of the company and is a 50% owner of MGM's $8.5 billion CityCenter development, scheduled to open this week. In the casino sector, Cramer thinks Wynn Resorts (WYNN) "is the best of the group."

Cramer approves of Goldman Sachs' upgrade of the steel sector and the prediction that the commodity has bottomed. He would buy Nucor (NUE) and Steel Dynamics (STLD) on the upgrade.

On news that State Street (STT) is getting a piece of Morgan Stanley's (MS) asset management business, Cramer thinks State Street "should be going up."


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