On today’s STOP TRADING segment on CNBC, Jim Cramer was outsaying Ken Heebner was right on real estate. He talked about SL Green (SLG) and CB Richard Ellis (CBG) after KenHeebner was talking them up. Cramer alsosaid Wells Fargo (WFC) was a great call because they are expanding in sub-primemortgages and doing well where others can’t. Cramer also said that Commerce Bancorp (CBH) is down on the targetedinvestigation, but this is the best run bank there (even though he said youhave to believe all is great for it to go up rapidly now). Indymac (NDE) was also noted as ugly toCramer, and Cramer said that if the CEO is saying his segment stinks then heisn’t going to try to out-guess the CEO. Cramer told Bank of America (BAC) point blank to stay out of theacquisitions game from here on because the stock is finally looking ok.
As a reminder from earlier he did telegraph that he wasgoing to discuss Yum! Brands (YUM) on tonight’s MAD MONEY segment after
6:00 PM
on CNBC.
Jon C. Ogg
January 16, 2007
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