On today’s STOP TRADING segment on CNBC, Jim Cramer talked financials.
JPMorgan (JPM) and Wells Fargo (WFC) are Cramer’s two bank buys in America. Cramer said that Bank of America (BAC) could do Dilutive acquisitions; but Dimon at JPM is firing on all cylinders. Cramer says you can Sell Bank of America (BAC) and Citigroup (C).
On Northern Trust (NTRS), with it having been down 5%, Cramer thinks any time this has been at a discount you should have been buying. He thinks it is very well run and you need to buy it. On Mastercard (MA), Cramer thinks it will have another earnings surprise and it may murder the shorts.
Cramer said that Lennar’s (LEN) guidance today (actually goals) is way too bullish for him to believe.
Cramer then said he has a big call tonight on MAD MONEY.
As noted in an earlier post, Cramer has changed his stance on tech as a group. Yes there are selective winners to him, but the calendar is going to work against the group as a whole.
Jon C. Ogg
January 17, 2007