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Stocks discussed on Jim Cramer's Stop Trading! TV Segment Wednesday January 19.

Microsoft (NASDAQ:MSFT), Goldman Sachs (NYSE:GS), Wells Fargo (NYSE:WFC)

Microsoft (MSFT) CEO Steve Ballmer was very "candid" with the Chinese about more money for sales. However, Cramer says the situation with China is not so black and white. "We want a more open society," he summed up the Chinese position, "but we have to meet the demands of our people."

"Sure they shouldn't be ripping off Microsoft...but they are trying to make the country great without a revolution," he added. "The situation is not nearly as black and white as we'd like it to be."

While Cramer is usually bullish on Goldman Sachs (GS), he wasn't happy with the company's quarterly conference call. "This was a bad call...it was an out and out bad call," not so much because the news was so terrible for Goldman, but because management represented the company in such a negative light.

"Goldman could have been good if David (Viniar, the CFO) hadn't said 'Things are dead'...couldn't you just have said 'things are slow?' Did you have to stick an axe in your head?" said Cramer.

On the other hand, Wells Fargo's (WFC) quarter was "dynamite," although The Street is complaining that the bank missed estimates. While Cramer urged caution and would not make "snap judgments" right now, he likes Wells Fargo; "This is the kind of quarter I'm looking for."

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Source: Cramer's Stop Trading! Goldman Sachs: Things Are Dead (1/19/11)