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Stocks discussed on Jim Cramer's Stop Trading! TV Program, Tuesday August 3.

Goldman Sachs (NYSE:GS), Morgan Stanley (NYSE:MS), Emerson Electric (NYSE:EMR), American Tower (NYSE:AMT), SBA Communications (NASDAQ:SBAC), NYSE Euronext (NYSE:NYX)

Before GM's IPO, Cramer urged the government to consider ways to help the taxpayer, who helped bail out GM, benefit. Cramer summed up what upset Americans about TARP; "We bailed out Morgan Stanley (MS), and they paid themselves a lot, we bailed out Goldman (GS) and they paid themselves a lot...You've got to eliminate that because I've got to tell you, the GM people, they're going to be paying themselves a lot." He is hoping taxpayers will be able to participate in the IPO, but is skeptical, since 80% of shares in an IPO go to institutional investors. However, there is still time and hope that the government will work something out.

Cramer said Emerson's (EMR) quarter was miraculous, since it actually reported growth of 11% in the United States, and terrific growth in Europe, 9%. He is bullish on American Tower (AMT), and SBA Communciations (SBAC) since the proliferation of "data hog" phones will require an increase in towers.

Cramer praised NYSE Euronext (NYX), which reported a monster quarter when The Street was expecting an awful quarter.

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Source: Cramer's Stop Trading! - The GM IPO Should Benefit the Taxpayer (8/3/10)