Cramer’s not betting with or against Countrywide Financial just yet, he said during Stop Trading!
The FDIC will protect deposits over $100,000. If it turns out that those depots are leaving Countrywide, then you should stay away from CFC, Cramer said. But if the nation’s largest mortgage lender can keep those loans, “then you have a good trade.”
Lamar Advertising , which Cramer has liked because it isn’t exposed to the “TiVo effect” that has hurt television advertising, has been down dramatically over the past few weeks. Lamar is heavily levered to digital LCD advertising, which has come under pressure lately from federal and state highway authorities for being “too eye-catching” for motorists. Cramer thinks that issue may be priced into stock, which is why Lamar seems “intriguing” at its current price, he said.