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The gloves are off and it’s Nokia versus Apple in the battle for cell phone supremacy, Cramer said during Thursday’s Stop Trading!.
Nokia’s [NOK
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] acquisition of navigation company NAVTEQ [NVT
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] will pit the Finnish wireless giant head-to-head against Apple [AAPL
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] and its seemingly unbeatable iPhone, Cramer said. NOK is a stock worth buying even on the smallest pullback, he said.
Cramer also recommended Capital One [COF
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], saying the stock is “done going down” because it appears credit-card defaults aren’t as bad as previously thought, especially in California, one of the markets hit hardest by the credit crunch. Of the banks, Cramer called Bank of America [BAC
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] now “the cheapest and the best” of the lot. “I think it goes to $60 in a heartbeat,” he said.
And to investors who want in on software maker CIENA's [CIEN
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] remarkable run – the company has gone up nearly 10 points in the last week – Cramer has a suggestion: “If you like Ciena at $45, may I give you Cisco [CSCO
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] at $32, please?”
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