Recap of Jim Cramer’s comments on Stop Trading! Wednesday January 17. Click on a stock ticker for more analysis:
Wells Fargo (NYSE:WFC), JP Morgan (NYSE:JPM), Citigroup (NYSE:C), Bank of America (NYSE:BAC), Northern Trust (NASDAQ:NTRS): Cramer declared WFC and JPM as the only bank stocks investors need to own, and added that while some worry that JPM is looking at a new acquisition, CEO Jack Dimon is the kind of guy who knows "how to do deals that are accretive." He adds that JPM's most recent quarter proves that "every single cylinder is finally firing." At the other extreme, Cramer says that Citigroup seems lost and that BAC is harming its shareholders with a dilutive acquisition. Cramer suggest backing up the truck and buying NTRS at $60, noting that Wall Street is temporarily disappointed with the bank's numbers, but adding that ultimately it is a "good situation."
Mastercard (NYSE:MA): Cramer says the "shorts will be routed" when Mastercard, which has tripled since his initial recommendation, goest to $110 from $109.
Lennar (NYSE:LEN): Housing rallied on Wednesday, but Cramer was not excited, particularly about homebuilder Lennar which was up 5% in spite of a huge loss and a very conditional earnings guidance for 2007. He would "sell the rally."
Seeking Alpha publishes a summary of Jim Cramer's stock picks every day including: Mad Money Recap, Lightning Round, Stop Trading and Wall Street Confidential.
Get Cramer's Picks by email -- it's free and takes only a few seconds to sign up.
Seeking Alpha is not affiliated with CNBC, Jim Cramer or TheStreet.com