Cramer's Stop Trading! AT&T a Market Stalwart (11/12/08)
Stocks discussed on Cramer's Stop Trading! program, Thursday November 12.
Exxon (XOM), Apple (AAPL), Schlumberger (SLB), Transocean (RIG), Nordstrom (JWN), Sears (SHLD)
Cramer said Thursday’s trading day was thin in spite of the market trading up by the end of the day. The market was good for hedge funds which are likely to pick up bargains like Exxon and Apple. Oil was also an easily manipulated commodity; “Oil gets oversold, we get it up a couple of bucks, the buyers come in.” Meanwhile, Cramer says customer service may have gone too far with Nordstrom and Sears whose lenient return policies will hurt the bottom line of both retailers. Finally, Cramer praised AT&T as “one of the stalwarts of the market.” and is worth buying.
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This article has 4 comments:
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David Forjan
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5 Comments
Nov 14 11:21 AM-
spinetta
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6 Comments
Nov 14 11:53 AMSome glorious day will dawn, and CNBC will realize that Cramer's temperment and knowledge base are better suited to animation. When Jimmy Boy finally goes in for electroshock treatment, look for him to resurface as a know it all trader who lives in a cardboard box on Wall Street in a wacky animated show for adults.
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Michael Delaney
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13 Comments
Nov 21 02:14 PMYou only heard what you wanted to hear. JC said to pull out any money that you will need in the next five years out of the market, as that money must be kept safe because you are going to need it. He did not say pull all of your money out of the market for five years.
He pulled out enough money for his oldest daughter's 1st year college tuition. He left his younger daughter's college tuition money in the market because he does not need it in the next five years.
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Greg D
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1 Comment
Dec 05 02:08 PMDidn't Cramer say to take any money you will need for spending in the next five years out of the market as a safe guard? I have heard him reitereate this statement time and time again for the last year or more. If you have $100,000 and know you will need $5,000 for a new car, he suggests you take out the $5,000 so that you will not have $2,500 IF the market were to go down (as it did). It is simply a safeguard.
On Nov 14 11:21 AM David Forjan wrote:
> why do you publish the shameless, greedy, self-serving comments by
> this sc*m? Have you forgotten that only 3 weeks ago, Cramer, in front
> of a national audience, on B. Williams Nightly News, told everyone
> to pull their money out of the markets and not to invest for another
> 5 years? You should not tarnish the great website of Seeking Alpha
> with his sleezy words. His name is now a turnoff to many of us investors.