Recap of Jim Cramer’s comments on Stop Trading! Wednesday December 20. Click on a stock ticker for more analysis:
Accredited Home Lenders (LEND), Merrill Lynch (MER) and Bear Stearns (NYSE:BSC): Cramer says subprime lenders are dong well now, because there are no worries over credit losses. LEND has not fallen because subprime lending is in trouble, but because MER and BSC have entered into the game: "It's a margin-shred story," remarked Cramer.
Devon (NYSE:DVN), Ultra Petroleum (UPL), Core Labs (NYSE:CLB), Total (NYSE:TOT), BP (NYSE:BP) and Duke (NYSE:DUK): Cramer likes UPL, CLB and DVN and called Devon's recent downgrade "criminal." He added, "If Devon stays here, it wil be bought by a European major," like Total or BP. Cramer said that Duke Energy is a "nice solid utility that grows."
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