Recap of Jim Cramer’s comments on Stop Trading! Wednesday October 18. Click on a stock ticker for more analysis:
Goldman Sachs (NYSE:GS), JPMorgan (NYSE:JPM), Mellon (MEL): Cramer likes the financial sector and noted the strong showing last month by GS and JPM. However, Cramer suggested taking a look at the less-famous Mellon which had "an unbelievable sales ramp" but the "head count remains the same." He commented that this will have a great effect on the company's earning power and that all three stocks are buys.
Parker Hannifin (NYSE:PH): Cramer notes that this stock is not expensive but would wait a while before picking it up since PH has gone up. Concerning oil, Cramer says he is not bullish as long as the prices are low but does not believe that the market will be adversely affected by the dip in price.
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