Cramer's Stop Trading! Exxon's Moment Is Over (1/24/11)

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 |  Includes: AAPL, CVX, INTC, MCD, MU, NVDA, XOM
by: Miriam Metzinger

Stocks discussed on Jim Cramer's Stop Trading! TV Segment, Monday January 24.

Ford (NYSE:F), McDonald's (NYSE:MCD), Intel (NASDAQ:INTC), Micron (NASDAQ:MU), Exxon (NYSE:XOM), Chevron (NYSE:CVX), Nvidia (NASDAQ:NVDA), Apple (NASDAQ:AAPL)

Cramer predicts if the Dow breaks 12,000, the retail investor might finally stop listening to the doom and gloom in the media and will have more confidence in stocks. It is a good sign that Ford (F) has not yet run into the quarter and that expectations are low; Cramer predicts an upside for the stock. Micron (MU) may be the next Nvidia (NVDA), a stock Cramer got behind when it was still an underdog, but is now one of S&P 500's biggest movers. After a few decades of mediocre performance, Micron's transition from DRAM to flash, especially since it will have Apple (AAPL) exposure, can mean that Micron will become "the next Nvidia."

It finally seemed to be Exxon's (XOM) moment, but the company was merely playing catchup. The fact that it rose while oil prices were stuck demonstrates the company, unlike Chevron (CVX), is not really levered to higher oil prices. "The catchup is over," said Cramer.

Cramer predicted McDonald's (MCD) would be taken up after just meeting estimates in the morning. Management addressed investors' concerns about the company, and the stock saw a turnaround by the end of the day.

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