Cramer's Lightning Round - Who Needs Citi? (10/28/08)

by: SA Editor Miriam Metzinger October 29, 2008 | about stocks: AFAM / BAC / BBT / C / CAT / GS / WFC    
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Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Tuesday October 28.

Bullish calls:

Almost Family (AFAM): "We've got a big nurse shortage in this country and this is the way to play it. Great call."

 Caterpillar (CAT): “I am sorry but I think the analysts are wrong. This one yields 4.8%; I want to pull the trigger and buy Caterpillar."

 Bank of America (BAC), Wells Fargo (WFC), BB&T Corp (BBT), Goldman Sachs (GS)

Bearish calls:

Citigroup (C): “I have some of the highest quality stocks in Bank of America, Wells Fargo, BB&T Corp and Goldman Sachs. Why would I want to go into Citigroup?”


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This article has 7 comments:

  •  
    Oct 29 10:05 AM
    Seems like many need Citi or they would not be trying to get people to sell their Citi stock and make Citi weak for a take over.

    Worder who would want to make Citi weak ? Who needs deposits ? JPM, GS or o many others that are in trouble.

    Thats ok I am holding and buying more Citi.. See you in the winners circle.
    Reply | Link to Comment
  •  
    Oct 29 04:31 PM
    Funny, I always ask myself who needs Jim Cramer.
    Reply | Link to Comment
  •  
    Oct 30 09:05 AM
    Who needs Citi ? J.C. Pennys, Harley Davidson, just to mentions a couple who depend on Citi to fiance the purchases made by customers and to finance stock and accounts recievable.
    Reply | Link to Comment
  •  
    Oct 30 10:16 AM
    Jim says Bank of America is ok, even thought they hold the second largest derivatives book in the world. Right behind JPM. As Buffett said, "the ticking time bomb!".
    Reply | Link to Comment
  •  
    Oct 30 11:05 AM
    One of the last Cramer shows I watched was when he said C was the best of
    breed at 50. According to Cramer, it was the safest of them all.

    Who needs Cramer is the real question?
    Reply | Link to Comment
  •  
    Oct 30 11:40 AM
    Haters, all of you.

    Cramer has been dogging Citi for two years now.

    Bank of America has a huge derivative book, but it is focused on industrial credit default swaps, not residential mortgage backed securities like Bear Sterns, UBS, Lehman and the rest.

    Citi put the seven SIVs on the balance sheet and has been too bloated do any transaction since. It is a ward of the Federal Reserve and is just a silent version of AIG waiting for unwind.
    Reply | Link to Comment
  •  
    Oct 31 01:45 AM
    Who needs Kramer indeed? And who would roil the masses in his stead?

    The man's shameless histrionics creates wealth through advertising dollars - surely that's a patriot's duty in our Dollar's Darkest Hour!

    Thus he merits a nod for that capitalist virtue, but for Graham's ghost's sake, hide your greenbacks and DON'T mistake his strident entertainment for wise counsel... it has never been such.
    Reply | Link to Comment
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