Cramer's Stop Trading - Alcoa Takes a Ride on the Aerospace Turnaround (5/2/11)

by: Miriam Metzinger

Stocks discussed on Jim Cramer's Stop Trading! TV Segment, Monday May 2.

Target (NYSE:TGT), Costco (NASDAQ:COST), Alcoa (NYSE:AA), Netflix (NASDAQ:NFLX), Amazon (NASDAQ:AMZN)

Cramer thinks consumer confidence will rise following the death of Bin Laden, and would look at Costco (COST) and Target (TGT). Goldman Sachs' upgrade of Alcoa (AA) was taking into consideration the bullish aerospace industry rather than the company's last quarter; "Take a ride on the aerospace turnaround with Alcoa," said Cramer.

The Citigroup call on Netflix (NFLX) considered the sum of the company's parts and was an "incredibly bullish report...surprising and refreshing."

Amazon (AMZN) is rising along with gas prices, as the consumer prefers to stay home to shop online.

With Elizabeth Warren's appointment as the head of the Financial Consumer Protection Agency nearly assured, Cramer expects another leg down for the banks.


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