Stocks discussed on Jim Cramer's Stop Trading! TV Segment, Friday January 7.
FedEx (FDX), UPS (UPS), Bank of America (BAC), Wells Fargo (WFC), Citigroup (C), Potash (POT), Mosaic (MOS)
Shares of FedEx (FDX) and UPS (UPS) dropped on news of a lawsuit, but Cramer thinks the story is overblown and is just a good excuse to take profits. He reminded viewers these were very hot stocks and are part of a great move in rail and transports. Now is a good opportunity to buy the stocks cheaper. He feels the same way about the ruling from the Massachusetts court overturning foreclosures, and the sell-off of banks stocks on the story. He especially likes Bank of America (BAC) on the decline, since it is so unfairly "reviled" but also likes Citigroup (C) and Wells Fargo (WFC).
After hearing the Mosaic (MOS) conference call, Cramer says "this is a great moment for fertilizers. The best fundamentals in the world right now are with farm-related companies." He is also bullish on Potash (POT).
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