Cramer's Stop Trading! Is the Banco Santander CEO a Hype Artist? (6/11/10)

Includes: ARST, BMY, BP, C, NSM, SAN
by: Miriam Metzinger

Stocks discussed on Jim Cramer's Stop Trading! TV Segment, Friday June 11.

Bristol Myers (NYSE:BMY), Banco Santander (STD), Citigroup (NYSE:C), ArcSight (ARST), National Semiconductor (NYSE:NSM), BP (NYSE:BP)

Cramer said Bristol Myers (BMY) is "a terrific stock" for its pipeline, but cautioned about problems in the near term as its drug Plavix is coming off patent.

After the CEO of Banco Santander (STD), Alfredo Sáenz Abad, said the mid-term outlook is "brilliant," the shorts went looking for cover. "He got right in their face saying the numbers look good, the dividend looks good, the outlook is brilliant," said Cramer. "Banco Santander is the canary in the coal mine. If this goes, Europe goes. It is the Citigroup (C) of Europe." While some called Abad a "hype artist," Cramer noted the banks undervalued assets.

Another stock that sent the shorts into a panic was ArcSight (ARST) which under-promised, over-delivered, and reported an "amazing number."

Cramer feels a bit more confident about tech, which has been sitting out this rally so far. National Semiconductor (NSM) reported a very good quarter and it seems that investors are giving this market the benefit of the doubt, commented Cramer.

BP (BP) represents great value, but with the U.S. government saying it shouldn't even be paying a dividend, it is clear that, for the time being, BP is "public enemy number one." He added that oil experts have told him that the fact that this oil well keeps gushing indicates it might just be "the greatest find of our times."


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