Cramer's Stop Trading! The World's Greatest Retailer (12/13/10)

Includes: AAPL, FHN, HBAN
by: Miriam Metzinger

Stocks discussed on Jim Cramer's Stop Trading! TV Segment, Monday December 13.

Apple (NASDAQ:AAPL), Huntington Bancshares (NASDAQ:HBAN), First Horizon National (NYSE:FHN)

Huntington Bancshares (HBAN) and First Horizon (FHN) had similar news stories on Monday, but their shares traveled in opposite directions. On news that HBAN would repay $1.4 billion of its TARP debt, the stock declined 16%, but when FHN said it would take care of the $867 million it owes TARP, the stock rose 33%. Since FHN reported two lackluster quarters in a row, Cramer would not buy it, but favors HBAN which is "the best run of the Midwest banks...everything Huntington Bancshares does is right." Cramer went on to say that if he were still working at his hedge fund, he'd call the broker and say, "Just give me the whole deal. It's that good."

On Goldman Sachs raising its target for Apple (AAPL) to $430, which is $105 above Cramer's target, the Mad Money host said he was also looking into raising his own estimate; "I would urge people to recognize that this is the world's greatest retailer."


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