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Friday, April 20, 2007

Jim Cramer's Stop Trading April 19th

Countrywide (NYSE: CFC) and Merrill Lynch (NYSE: MER): Cramer thinks its prime time for MER to acquire CFC now that MER's purchase of First Franklin has been a success. He referred to CFC as "the last man standing" after the subprime mortgage debacle and predicts the stock could get $45 from a takeover while it is currently at $38.
Schlumberger (NYSE: SLB) and Google (NasdaqGS: GOOG): Although he would pick up SLB ahead of Friday's earnings call, it might be enough to purchase call options. Cramer would wait until Google reports its earnings before pulling the trigger.

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