Jones Apparel, I Kid You Not - Cramer's Stop Trading! (4/30/08)

Recap of Jim Cramer’s comments on Stop Trading! Wednesday April 30. Click on a stock ticker for more analysis.

Ingersoll-Rand (IR): Cramer noted a lot of great earnings calls have been ignored because of the Fed Watch, and added IR "has finally done it." The stock is still down in spite of a "monster call."

Jones Apparel (JNY), Wal-Mart (WMT), J Crew (JCG), Urban Outfitters (URBN): Cramer made the surprising bullish call for retail, particularly JNY which had a "great quarter, big dividend, accelerated buyback" and is making a lucrative deal with WMT, which he also likes along with URBN, in spite of its downgrade. While many people are nervous about the consumer, Cramer said we are in the midst of an "earnings renaissance," and added, "JNY. I kid you not."

Cummins Engine (CMI): While CMI usually does poorly in a recession, Cramer observed it was up 5 points. So "where's the recession?"

JP Morgan (JPM), Goldman Sachs (GS): Erin teased Cramer for always picking on GS and JPM "in a good way" and Cramer said it is because they are going to continue going higher.

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