Jim Cramer's Stop Trading! Stock Picks and Comments 8/1/07

Recap of Jim Cramer’s comments on Stop Trading! Wednesday August 1. Click on a stock ticker for more analysis:

Beazer (BZH), Thornburg Mortgage (TMA), Citigroup (C), Countrywide (CFC): Cramer says the major selloff in housing is not a reason to buy, and even if TMA is getting hammered more than it deserves, "who needs it?" Cramer might consider buying financials CFC and C if the Fed lowers interest rates, but given Ben Bernanke's inflation obsession, he wouldn't take the risk just yet.

MasterCard (MA) and Macquarie Infrastructure (MIC): Cramer was not so excited about buying MA now that it is $140 and has run, although he thinks the 11% selloff was "overdone." Cramer wouldn't touch MIC, a play on termite growth, because it is a "black box .... who knows what they have?"

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