Cramer's Stop Trading! GM Is the Real Business (6/28/10)

 |  Includes: AMT, CIEN, MTLQQ, TSLA, WSM
by: Miriam Metzinger

Stocks discussed on Jim Cramer's Stop Trading! TV Segment, Monday June 28.

Tesla Motors (NASDAQ:TSLA), GM (OTC:MTLQQ), American Tower (NYSE:AMT), Ciena (NYSE:CIEN), Williams Sonoma (NYSE:WSM)

Cramer would buy the Tesla IPO, but is not enthusiastic about the company, which isn't selling very many electric cars. “You want to get some on the deal and then get out,” Cramer said. “I think it’s going to be a bad company.”

Instead, Cramer would buy GM's IPO (OTC:MTLQQ), since the company is "the real business."

While President Obama wants to expand wireless, this cannot be undertaken without an increase in cell-phone towers. On rising demand, Cramer would buy American Tower (AMT) or Ciena (CIEN).

Investors have not been kind to the housing sector, but Williams Sonoma (WSM) seems to have been the sole survivor among housing-related stock.


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