All About Hedge Funds - Cramer's Stop Trading! (9/10/08)

Recap of Jim Cramer's comments on Stop Trading! Wednesday September 10.

If You Like Financials - Bank of America (BAC), JPMorgan (JPM) and Citigroup (C), Wells Fargo (WFC)

"Remember, I like the financials," Jim Cramer said. "Yesterday was a brutal day for people like me who like the financials." This afternoon, though, brought a jump in Bank of America, JPMorgan and Citigroup. Cramer has been recommending Bank of America and JPMorgan, which are part of his Fortress Four (along with Wells Fargo) He owns JPMorgan for his charitable trust. "Those you buy on weakness, every time they're down," he said.

All About Hedge Funds - Clean Energy Fuels (CLNE), Cimarex Energy (XEC)

Yesterday was a brutal day for the commodities, too. "I hate to recommend these stocks that are commodity-oriented because they're all about hedge funds," he said. Cramer called Clean Energy Fuels "a great story" and said the stock has dropped a couple of points. And he said that Cimarex Energy "is always a high-quality company." But he said, "This group is in the hands of hedge funds. It's not for regular everyday people."

Gasoline Benefits Disney (DIS), FedEx (FDX) and UPS (UPS)

Now that gasoline prices are falling, Disney is expected to benefit from increased theme park attendance, even though higher gas prices didn't hurt attendance. "I think a lot of that was relative," Cramer said. "Traffic was not hurt by high gasoline prices. I'm saying that traffic could now explode." In addition, Disney has "a bunch of really big releases coming up," ESPN's doing well, and the Jonas Brothers are wildly popular. Increased traffic, Cramer said, "is just the icing on the cake." He is concerned about the decline in the number of flights, but "Disney is a stock that is perceived by the market as a beneficiary of lower gasoline prices and I'm not fighting it any more than I fought FedEx and UPS."

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