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Stocks Climb on Dovish Fed Comments; Bernanke Up Next

Stop Trading!: Sell Garmin

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Published: Monday, 26 Nov 2007 | 6:24 PM ET
By:

Web Editor, "Mad Money"

Royal Philips Electronics' proposed buyout of American commercial-lighting company Genlyte might have been a green light for other European firms to take advantage of the weak U.S. dollar, Cramer said on Monday's Stop Trading!.

Stop Trading!
Mad Money host Jim Cramer shares his stock picks with CNBC's Erin Burnett.


An expensive euro has put companies like BASF, Siemens and Nestle's in position to pick off smaller American businesses at a hefty premium. Genlyte fetched 52% more than its closing share price last Friday, Nov. 23. Cramer recommended LSI Industries as a pin-action play on Genlyte. Rockwell Automation was worth a look, too, he said.

Garmin should have a good Christmas, but after that the stock is a sell. The competition in the global-position space is fierce, and Cramer thinks Garmin's product "will be beaten by Nokia 18 months from now."

Questions for Cramer? madmoney@cnbc.com

Questions, comments, suggestions for the Mad Money website? madcap@cnbc.com

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It may be a merry Christmas for this company - but not a happy new year.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
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