Gap (GPS): Cramer says its time to get out of Gap amid rumors of a takeover. The stock jumped 8% on this speculation, but Cramer thinks the "fundamentals are so bad" that it is unlikely that Gap will fetch a buyer who will offer to pay a premium to Monday's prices. "This is a challenged company," Cramer said. "Sell it right here."
Nordic American (NAT), Exxon (XOM), Verizon (VZ) and General Dynamics (GD): Cramer says there will be a glut of doubled hulled oil tankers approaching and he would sell oil tanker builders such as NAT. Although these companies offer high dividends, he cautions that they do nothave the support to sustain such yields through declines since they are not earnings machines like XOM and Verizon. Cramer predicts that GD will go higher even after a 3% rise on Monday following an upgrade by Cowan. He says the Democrats don't want to seem weak on defense and Cramer gives GD two thumbs up.
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