Jim Cramer's Stop Trading July 23rd
Buy CIT (CIT), Jim Cramer said Monday on CNBC's "Stop Trading!" segment.
Cramer said last week's bad quarter was "scary" as it showed the lender briefly became "a cesspool of bad mortgages." But Cramer added that the New York financial firm is "a really smart company" that's mostly focused on commercial lending, an area Cramer believes "is not causing the problems" in the financial sector. He said he'd buy the stock, which hasn't recovered off last week's hammering.
Cramer said he likes Colgate (CL), Clorox (CLX) and Procter & Gamble (PG) amid signs of a slowdown in worldwide growth.
Cramer said last week's bad quarter was "scary" as it showed the lender briefly became "a cesspool of bad mortgages." But Cramer added that the New York financial firm is "a really smart company" that's mostly focused on commercial lending, an area Cramer believes "is not causing the problems" in the financial sector. He said he'd buy the stock, which hasn't recovered off last week's hammering.
Cramer said he likes Colgate (CL), Clorox (CLX) and Procter & Gamble (PG) amid signs of a slowdown in worldwide growth.
Labels: CIT, CL, CLX, Jim Cramer, Jim Cramer's Stop Trading, PG
posted by Stock Administrator @ 9:31 AM
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