Recap of Jim Cramer’s comments on Stop Trading! Friday October 12. Click on a stock ticker for more analysis:
Baidu (BIDU): Cramer says the downgrade on Thursday that caused a 10% drop in Baidu “means nothing” and he predicts BIDU will reach $500 from $318.
BEA Systems (BEAS) and Oracle (ORCL): Cramer predicts BEAS will get at least $20 a share if Oracle buys it and says Carl Icahn, who owns a significant stake in BEAS, is “money.”
Annaly Capital (NLY), Citigroup (C): Cramer said NLY will be the top financial stock until January and suggested some replacements for Citigroup’s fallen CEO Chuck Prince, including former Wells Fargo CEO Dick Kovacevich or Treasury Under Secretary for Domestic Finance Bob Steel, formerly of Goldman Sachs.
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