Cramer's Stop Trading! Beyond The Gap's Logo (10/12/10)

Includes: AMT, BRK.B, CSX, DECK, GPS
by: Miriam Metzinger

Stocks discussed on Jim Cramer's Stop Trading! TV Program, Tuesday October 12.

American Tower (NYSE:AMT), Gap (NYSE:GPS), Deckers (NASDAQ:DECK), CSX (NYSE:CSX), Berkshire Hathaway (NYSE:BRK.B)

Cramer thinks the problem with The Gap (GPS) is not its new, unpopular logo. The stock is simply bad and has been bad for a long time. One good retailer which is going to have strong holiday season is Deckers (DECK), thanks to the success of its UGG boots, which is not just a trend, according to Cramer, but is part of the bull market in shoes.

Investors who are bullish should consider buying CSX (CSX) which is a tell on the economy. However, he cautions the stock tends to sell off in good news, so he would wait to see how the stock performs following its earnings. He also recommended Berkshire Hathaway (BRK.B) which runs Burlington Northern.

Cramer thinks it was "arrogant" of the President to propose a network of high-speed railways without talking to railroad companies first. "I just think that business and the president just don't speak enough," he said. "It's really a shame." Cramer is not concerned about another round of quantitative easing and thinks Fed Chairman Ben Bernanke is doing fine.

Lastly, Cramer recommended American Tower (AMT) as a play on the increased use of cell phones, and sees opportunities for overseas expansion, especially in Latin America.


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