Jim Cramer's Stop Trading Jan. 22
Citigroup (NYSE: C - News): On the news that Citigroup finance chief Sallie Krawcheck will become CEO of the bank's wealth management unit, Cramer commented that the only thing that will make him bullish is the departure of CEO Chuck Prince. "Prince leaving is worth 5 (points), and a breakup of the bank is worth 2." He added that Citigroup needs a banker, not a lawyer and would like to see Wells Fargo's Richard Kovacevich, "America's greatest banker, or JP Morgan's Jamie Dimon fill the position.
Kimberly-Clark (NYSE: KMB - News), Eaton (NYSE: ETN - News), Cummins Engine (NYSE: CMI - News): Cramer is bullish on KMB since analyst estimates of the stock are based on crude oil at $70 a barrel and not on the recent $51. He added that, given the lackluster numbers from ETN and CMI, the stocks should be lower; 'There's ETN slapping you in the face like a day-old fish from Chinatown, saying 'listen, trucking is bad...' And CMI just kind of stands there.'
American Express (NYSE: AXP - News) and Texas Instruments (NYSE: TXN - News): Cramer feels good about Monday's market with AXP at the head of the pack in the financial sector. He sees nothing more than a tech trade from "merchant of doom" TXN's postclose numbers.
Published by SeekingAlpha
posted by Stock Administrator @ 9:36 AM
Jim Cramer's Stop Trading Jan. 22
Citigroup (NYSE: C - News): On the news that Citigroup finance chief Sallie Krawcheck will become CEO of the bank's wealth management unit, Cramer commented that the only thing that will make him bullish is the departure of CEO Chuck Prince. "Prince leaving is worth 5 (points), and a breakup of the bank is worth 2." He added that Citigroup needs a banker, not a lawyer and would like to see Wells Fargo's Richard Kovacevich, "America's greatest banker, or JP Morgan's Jamie Dimon fill the position.
Kimberly-Clark (NYSE: KMB - News), Eaton (NYSE: ETN - News), Cummins Engine (NYSE: CMI - News): Cramer is bullish on KMB since analyst estimates of the stock are based on crude oil at $70 a barrel and not on the recent $51. He added that, given the lackluster numbers from ETN and CMI, the stocks should be lower; 'There's ETN slapping you in the face like a day-old fish from Chinatown, saying 'listen, trucking is bad...' And CMI just kind of stands there.'
American Express (NYSE: AXP - News) and Texas Instruments (NYSE: TXN - News): Cramer feels good about Monday's market with AXP at the head of the pack in the financial sector. He sees nothing more than a tech trade from "merchant of doom" TXN's postclose numbers.
Published by SeekingAlpha
Kimberly-Clark (NYSE: KMB - News), Eaton (NYSE: ETN - News), Cummins Engine (NYSE: CMI - News): Cramer is bullish on KMB since analyst estimates of the stock are based on crude oil at $70 a barrel and not on the recent $51. He added that, given the lackluster numbers from ETN and CMI, the stocks should be lower; 'There's ETN slapping you in the face like a day-old fish from Chinatown, saying 'listen, trucking is bad...' And CMI just kind of stands there.'
American Express (NYSE: AXP - News) and Texas Instruments (NYSE: TXN - News): Cramer feels good about Monday's market with AXP at the head of the pack in the financial sector. He sees nothing more than a tech trade from "merchant of doom" TXN's postclose numbers.
Published by SeekingAlpha
posted by Stock Administrator @ 9:36 AM
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