Jim Cramer's Stop Trading! 1/24/08: Sultan's Shopping List

Recap of Jim Cramer’s comments on Stop Trading! Thursday January 24. Click on a stock ticker for more analysis:

Cramer commented on the government's new stimulus package: "I don't really like the plan versus doing some other things but, when everybody coaleses... and you've got people trying to save the mortgage stocks, and you've got people trying to make it so that Toll Brothers sells homes, and you've got money in your pocket... Well, there are a lot of sectors that have been horrible, that are moving... these actions will make it so that the recession will be short-lived... and we will suddenly find ourselves in a world where a lot of stocks are working, and a lot of money's being made.'

Raytheon (RTN), Northrop Grumman (NOC): Cramer wishes NOC would do better because CEO Dr. Ronald D. Sugar is "so good." However, he thinks RTN is the cheapest in the sector.

Liz Claiborne (LIZ), Jones (JNY), Gap (GPS), Nordstrom (JWN), Saks (SKS): Sultan of Dubai, "the only place that's got capital in the whole world," has said he has some extra cash, and Cramer thinks it is possible he might buy LIX, JNY, GPS, JWN, or SKS.

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Comments

[Whisper OnThe Wind]

coalesce - at least use the spell checker!

[NormanLepoff, M.D.]

It is very easy to pick stocks when the market is going up. It is when it is going down or sideways that it is a challenge. Cramer failed miserably on both counts. Barrons was correct. An investor would do much better with an index fund than listening to Cramer. So beware!!!!