Stop Trading!: Nokia Vs. Apple
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 acquisition of navigation company NAVTEQ will pit the Finnish wireless giant head-to-head against Apple 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 , 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 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 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 at $32, please?”
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