Jim Cramer's Stop Trading,10/10/07: Ignore Chevron Warning
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Recap of Jim Cramer’s comments on Stop Trading! Wednesday October 10. Click on a stock ticker for more analysis:
Costco (COST), GAP (GPS), Valero (VLO), Chevron(CVX): Cramer prefers COST to other warehouse retailers because "They have an exciting thing… they made it so you can't regard it as a Wal-Mart or a Target." He also likes GPS because of its incentives for new management. In spite of warnings from Valero and Chevron, Cramer would keep the faith, because he has seen refining margins "explode" recently.
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