Jim Cramer's Stop Trading! 4/7/08: Steve Ballmer's Exploding Offer

by: Miriam Metzinger

Recap of Jim Cramer’s comments on Stop Trading! Monday April 7. Click on a stock ticker for more analysis.

Cleveland Cliffs (NYSE:CLF) and Alcoa (NYSE:AA): Cramer commented AA is his least favorite mineral stock; “If you like AA, go buy CLF.”
Starwood Hotels (HOT), Wyndham Worldwide (NYSE:WYN), International Gaming Technology (NYSE:IGT): Starwood is planning to add new hotels to its Sheraton brand, and Cramer recommended WYN instead because it is cheap. He doesn’t like the sector in general, and thinks the only place that needs more hotels is New York. Nevada hotels have “just been a disaster” and IGT has been down as well.

Washington Mutual (NYSE:WM): On news Wamu will get $5 billion in financing, Cramer commented he needs to see the deal and the money first before he will believe it.

Yahoo (NASDAQ:YHOO), Microsoft (NASDAQ:MSFT): Cramer praised MSFT CEO Steve Ballmer for giving Yahoo an “exploding offer” which will decline the longer Yahoo delays. He dismisses rumors of a higher bid and says Ballmer is a serious guy and is perfectly aware that Yahoo, which has missed every quarter in the last two years, is a company in decline.

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