Bill Miller's Broken Legg
Legg Mason’s Bill Miller is no Warren Buffett, Cramer said during Tuesday’s Stop Trading!.
The Mad Money host attributed Legg Mason’s first-ever reported loss, at least in part, to Miller’s poor stock picking.
“Warren Buffett...it's so clear that he's still top-of-game,” Cramer said. “It's so clear that Bill Miller isn't…I'd rather buy T. Rowe .”
Cramer seemed happy that NYSE Euronext might have finally turned a corner, after reporting big first-quarter profits. He credited new CEO Duncan Niederauer’s “slash and burn” cost cutting for the company’s success. Cramer’s charitable trust owns NYX.
ArvinMeritor is an “American comeback story,” Cramer said, as is Lear and BorgWarner. Precision Castparts is “not done going up yet.” And while Wall Street might ignore Alcoa’s exposure to PCP’s market, Cramer won’t. He’s bullish on AA.
Lastly, Cramer reiterated his buy calls on Apple and Mastercard , saying the latter and its peer Visa are “really beautiful.” Fannie Mae and Freddie Mac, though, are “really ugly.”
Jim's charitable trust owns NYSE Euronext.
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