Cramer's Stop Trading! Even Downgrades Won't Get Exxon Down (9/14/10)

 |  Includes: KCG, XOM
by: Miriam Metzinger

Stocks discussed on Jim Cramer's Stop Trading! TV Segment, Tuesday September 14.

Exxon Mobil (NYSE:XOM), Knight Capital (NYSE:KCG)

The SEC is making noises about reform of the kind of machine trading that led to the flash crash of May 6 when the Dow fell 1,000 points in a matter of minutes. As a result, Knight Capital (KCG) is heading toward its 52-week low in anticipation of serious reform. However, Cramer doesn't think very much will be done and as a result, Knight's stock will head back up. Investors who are similarly skeptical about reform might consider buying Knight.

Cramer is bullish on gold, not least because September has historically been a strong month for the yellow metal, and he predicts gold will eventually reach $2,000. He would buy any gold stocks that are not yet at their 52 week highs.

While Cramer stopped short of recommending Exxon (XOM), he did say the stock seems to be bottoming; "This stock refuses to go down on downgrades," Cramer said. "What does that tell you?"


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