Stop Trading!: 'Dark Knight' to the Rescue?
The Dark Knight might have set an opening-weekend box-office record, but the movie’s success isn’t doing much for Time Warner's stock.
Time Warner shares actually down about 2% Monday. Cramer blamed the Street’s lack of faith in Time Warner Cable, which he pointed out is still very much a part of TWX, and its ability to deal with Verizon Communications’ FiOS service.
“I still don't like Time Warner down here,” Cramer said, adding that investors who want to buy a media a stock should go with Google instead.
Cramer responded to the breaking news that BankAtlantic is suing Ladenburg Thalmann analyst Richard Bove over a report he wrote titled, “Who’s Next?” Bove allegedly likens BBX to the failed IndyMac bank.
Cramer’s suggestion to BankAtlantic: “Don't make so many bad loans, and you won't be on the radar screen.”
As for stocks that actually work in this tough economic environment, Becton Dickinson is the least sensitive to the market, aside of CR Bard. BDX has jumped to $84 and change from $79, so Cramer recommended waiting for a pullback, “but this is a good one,” he said.
Lastly, Cramer said it was it was time to take profits in TJX and wait for a pullback to $30 a share to get back in to the stock.
“This has now far exceeded all the other retailers,” he said of TJX.
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