GO
Loading...

Don't Bank on WaMu Yet

Monday, 7 Apr 2008 | 3:37 PM ET

Washington Mutual may have rebounded from last week’s bear raid, thanks to a potential $5 billion capital infusion, but Cramer’s “skeptical.”

The Mad Money host is reserving judgment until the WaMu deal’s finalized – and investors see the terms, he said.

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

Switching to all the Microsoft-Yahoo! talk, Cramer wanted any doubtful viewers to know that CEO Steve Ballmer “has never postured in his life.” If he’s talking about a hostile takeover, he means it.

Starwood Hotels plans to open 54 new hotels and add 20,000 new rooms by 2009, the company announced. About $1 billion will go into renovating existing hotels. That’s not enough to squeeze a recommendation out of Cramer, though.

“I don't want to be in the group,” he said during Monday’s Stop Trading!, “and I don't want to own the stock.”

Lastly, Cramer named Alcoa his “least favorite minerals stock.” Cleveland-Cliffs, which he recommended at $70 and is now at $140, is a better choice.

“I prefer Cleveland Cliffs at $140 than I do Alcoa at $37,” he said. “Can I be more adamant than that?”

Questions for Cramer? madmoney@cnbc.com

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

  Price   Change %Change
AA
---
CLF
---
HOT
---
MSFT
---
WM
---
YHOO
---

Contact Mad Money

  • Showtimes

    Monday - Friday 6p ET
  • Jim Cramer is host of CNBC's "Mad Money" and co-anchor of the 9 a.m. ET hour of CNBC's "Squawk on the Street."

Mad Money Features

  • Grab the latest CNBC gear from the NBCUniversal Store!

  • Get a behind-the-scenes look at how Cramer formulates his investment advice. "Inside the Madness" is a column, which features e-mails and more with Cramer and his researcher Nicole Urken.

  • You’ve always wanted to hit the “Hallelujah!” button. Here’s your chance.