Cramer's Stop Trading! Bank of America Is Hanging in There (10/19/10)

Includes: AAPL, BAC, GS, PH
by: Miriam Metzinger

Stocks discussed on Jim Cramer's Stop Trading! TV Segment, Tuesday October 19.

Bank of America (NYSE:BAC), Goldman Sachs (NYSE:GS), Parker Hannifin (NYSE:PH), Apple (NASDAQ:AAPL)

Bank of America is holding up well in spite of its many problems. First, its acquisition Countrywide is being investigated for misrepresenting its loans, and now Bank of America might be forced to buy back $47 billion of mortgage bonds. The decline of only 4 points is decent given what the bank, and the entire financial sector, is facing right now. Cramer thinks analysts are too negative about Goldman Sachs (GS), and the most recent quarter shows the bank is "going higher."

Cramer was enthusiastic about Parker Hannifin's (PH) quarter and says the stock has more upside with its exposure to the bull markets of HVAC, trucking and aerospace.

Cramer dismissed bearish comments about Apple's (AAPL) iPad sales, and thinks there is no room for pessimism, given the fact that sales in China are expected to be huge.


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