Jim Cramer's Stop Trading! 11/1/07: European Carnival

Recap of Jim Cramer’s comments on Stop Trading! Thursday November Click on a stock ticker for more analysis:

Altria (MO), Coke (KO), Pepsi (PEP): Cramer says worries about recession that fueled the rate cut may mean that it is time to buy defensive stocks such as MO, KO and PEP.

MBIA (MBI) and Bear Stearns (BSC): Commenting that housing prices are more indicative of the strength of the consumer than job numbers, Cramer urged viewers to avoid mortgage stocks like MBIA. He added a sanguine attitude about the economy based on good job numbers was behind the demise of two of BSC's hedge funds.

Carnival (CCL), Royal Carribbean (RCL), NCR (NCR), Teradata (TDC): Because of it global exposure, CCL is preferable to RCL. He added NCR is a buy as it spins off its stake in TDC.

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