Recap of Jim Cramer’s comments on Stop Trading! Wednesday August 9.Click on a stock ticker for more analysis:
Toll Brothers (NYSE:TOL) and Countrywide (CFC): TOL's 48% drop in housing orders is increasing recession fears and is partly responsible for the panic selloff of mortgage lender CFC, which is "getting shot" in spite of a postive write-up about CEO Angelo Mozilo. Cramer believes that nervousness about recession is excessive.
Disney (NYSE:DIS) and Six Flags (NYSE:SIX): Disney reported strong numbers and is outperforming its rival, SIX. Cramer comments that while people will make a long trek to Disney parks, regardless of gas prices, "they won't go 60 miles to go to a Six Flags." He questioned the wisdom of SIX's management discussing its problem with loitering gangs on a recent conference call.
Cisco (NASDAQ:CSCO): Cramer declares that CSCO is "the new annointed tech stock" with its great quarter and 14% rise.
More: Cramer's latest stock picks, including: Mad Money Recap, Lightening Round, Stop Trading and his Radio Show.
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