Cramer's Stop Trading! Ford Glorious Ford (3/17/10)

Includes: F, FHN, HBAN, PNC, WFC, ZION
by: Miriam Metzinger

Stocks discussed on Jim Cramer's Stop Trading! TV Segment, Wednesday March 17.

Ford (NYSE:F), Ford Preferred Shares (F-PS), Huntington BancShares (NASDAQ:HBAN), Zions (NASDAQ:ZION), First Horizon (NYSE:FHN), Wells Fargo (NYSE:WFC), PNC Financial (NYSE:PNC)

After Ford (F) passed the $14 level and reached a 5 year high on Wednesday, Cramer said the stock is headed to $17, and gave CEO Alan Mulally credit for turning the company around. As always, Cramer recommended buying the preferred shares (F-PS), but likes the common stock as well.

Banks are making profits from the difference they pay in interest on checking and savings accounts and the rates they charge for loans; “These banks can coin money at these prices,” Cramer said. Even regional banks and financial institutions with messy balance sheets can go higher. His picks include: Huntington BancShares (HBAN), Zions (ZION) and First Horizon (FHN). He noted Wells Fargo's break through the $30 level and thinks PNC Financial (PNC) is going past $60.


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