Jim Cramer's Stop Trading Sept. 21st
Buy Texas Instruments (TXN), Jim Cramer said Friday on CNBC's "Stop Trading!" segment.
Cramer said the chip giant has "nothing to do with its cash" but buy back stock, which is why the stock should go to $45 from a recent $36.83.
Cramer also likes the bank stocks, from Citi (C) and JPMorgan (JPM) to Wells Fargo (WFC) and Bank of America (BAC), despite some brokerage downgrades tied to possible loan losses. Cramer said to "downgrade now is wrong" on these stocks, because they had performed so poorly headed into this week's Fed rate cut.
Cramer said the chip giant has "nothing to do with its cash" but buy back stock, which is why the stock should go to $45 from a recent $36.83.
Cramer also likes the bank stocks, from Citi (C) and JPMorgan (JPM) to Wells Fargo (WFC) and Bank of America (BAC), despite some brokerage downgrades tied to possible loan losses. Cramer said to "downgrade now is wrong" on these stocks, because they had performed so poorly headed into this week's Fed rate cut.
Labels: BAC, Bank of America Corp., C, Citigroup Inc., Jim Cramer, Jim Cramer's Stop Trading, JP Morgan Chase and Co., JPM, Texas Instruments Inc., TXN, Wells Fargo and Co., WFC
posted by Stock Administrator @ 4:59 PM
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