Recap of Jim Cramer’s comments on Stop Trading! Monday June 18. Click on a stock ticker for more analysis:
Fed Ex (NYSE:FDX): Cramer thought the downgrade of FED before an exceptional quarter was a "gutsy" call and agreed domestic is going to be weak. However, he wondered "can you ever get back into FDX after you've downgraded?" since FDX "has a history of going down on the quarter, and boom, you've got to get in there!"
Wendy's (NYSE:WEN), McDonald's (NYSE:MCD), Burger King (BKC): While Cramer thinks it is a mistake for Wendy's to be up for sale when things are looking bad, he commented, "the franchisees don't like management." Cramer thinks WEN will be sold to a private equity group, because there is room for third burger franchise in addition to BKC and MCD, which he likes "so much more."
Alcan Corp. (AL (defunct)), Alcoa (NYSE:AA), and BHP Billiton (NYSE:BHP): Cramer once again reiterated his prediction that AA will not be private this time next year, and the realization that it is not big enough is the motivation behind its deal to buy AL. Cramer thinks BHP is a likely buyer, because it is a "forward-looking" company and knows AA will be a good purchase when the Chinese consume most of the aluminum.
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