Stop Trading!: Navigate with Magellan

Fidelity’s legendary Magellan Fund , set to re-open this week after being closed to new investors for over a decade, is “so right” given current market conditions, Cramer said on Monday’s Stop Trading!.

Stop Trading, Listen to Cramer!
Stop Trading, Listen to Cramer!   

Harry Lange, the fund’s manager, told CNBC that he is bullish on tech despite last week’s Nasdaq sell-off. Tech stocks rose sharply Monday after IBM announced better-than-expected profit.

Magellan’s holdings include Nokia , Corning , Google , Staples and Canadian Natural Resources . Cramer said he was bullish on all but Staples. Retail is still too dicey to own anything but best-of-breed, Cramer said. Costco remains one of the few retailers he recommends.

Jim's charitable trust owns Corning.

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