Cramer's Stop Trading! One of the Best-Run Banks in the World (8/20/09)

by: Miriam Metzinger

Stocks discussed on Jim Cramer's TV Stop Trading! Thursday August 20.

Citigroup (NYSE:C), First Niagara (NASDAQ:FNFG), BB&T (NYSE:BBT), Banco Bilbao Vizcaya (BBV), Whirlpool (NYSE:WHR), Sears (NASDAQ:SHLD), Google (NASDAQ:GOOG)

Cramer has seen his bullish predictions in financials bear fruit with gains for Citigroup, First Niagara and BB&T. His next favorite bank is Banco Bilbao Vizcaya, which he calls "one of the best-run banks in the world." BBV has been as high as $23, and Cramer thinks it will go much higher from its current level of $16.

Cramer discussed strong performance for Whirlpool on the announcement that the government will give consumers $300 million in rebates to buy electronics. Sears, however, failed to see an upside on the news. However, Cramer thinks Sears might be a good bet, especially after Whirlpool has risen so much already.

While Cramer has been bullish on Google, he was skeptical concerning Goldman Sachs's upgrade of the tech giant. He says the upgrade was due to the expectation of multiple expansion, which "is never a good reason to buy a stock."


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