Jim Cramer's Stop Trading Mar. 5
Countrywide Financial (NYSE: CFC - News), Novastar (NYSE: NFI - News) and New Century (NYSE: NEW - News): While Cramer conceded subprime loans may be a problem for lenders such as NFI and NEW, "this is not 1989" he said, dismissing comparisons between the current situation and the savings and loan debacle in the late 80s. Concerning Lehman's downgrade of CFC, Cramer commented "at $35, it's hard to downgrade it." Cramer said he didn't like CEO Angelo Muzilo's insider selling; "I love Angelo, but he's hurting his own case with this insider selling. I mean, he's killing his case. This is a horrible sector. "
Coca-Cola (NYSE: KO - News), Whirlpool (NYSE: WHR - News): Cramer says Coke is "not as bad as it used to be" which is a victory in this market, and he likes the stock's 3% dividend yield. While he likes WHR, he thinks the company is too closely associated with housing, and "we're still in burn your house down mode."
Coca-Cola (NYSE: KO - News), Whirlpool (NYSE: WHR - News): Cramer says Coke is "not as bad as it used to be" which is a victory in this market, and he likes the stock's 3% dividend yield. While he likes WHR, he thinks the company is too closely associated with housing, and "we're still in burn your house down mode."
Labels: CFC, Jim Cramer, Jim Cramer's Stop Trading, KO, NEW, NFI, WHR
posted by Stock Administrator @ 2:49 PM
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