Cramer Talks Financials

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By Douglas A. McIntyre Updated Published
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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

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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