Cramer's Stop Trading! Caught in a Whirl (3/10/09)

Includes: BAX, C, GS, JPM, MON, SLB, V, WHR
by: Miriam Metzinger

Stocks discussed on Jim Cramer's Stop Trading TV Program, Wednesday March 10.

JP Morgan (NYSE:JPM), Citigroup (NYSE:C), Goldman Sachs (NYSE:GS), Whirlpool (NYSE:WHR), Schlumberger (NYSE:SLB), Visa (NYSE:V), Monsanto (NYSE:MON), Baxter (NYSE:BAX)

Cramer said "There are a lot of good things happening": JP Morgan CEO Jamie Dimon reported the bank was profitable in January and February, and the stock reached the $20s. Citigroup had similar news, and Cramer says there may still be some problems lurking for JP Morgan, but a relaxation of mark-to-market regulations would help the bank sustain profitability. Goldman Sachs might have an equity offering which would enable it to repay TARP funds. This news isn't as unexpected as Whirlpool's announcement that it is cash flow positive and is benefiting from lower raw costs. The stock has been rallying the last two days: “This was a very big deal because Whirlpool had been counted out,” Cramer said, “and it shouldn’t have been.”

Cramer agrees with Laszlo Birinyi’s suggested Dow replacements: Schlumberger, Visa, Monsanto and Baxter. He thinks Visa could easily fill in for a troubled bank and Monsanto has a big enough market cap to fit the bill.


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