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Knight Capital is a “remarkable firm,” Cramer said during Thursday’s Stop Trading!, praising CEO Thomas Joyce for turning the company around.
Knight [NITE
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], unlike most financials, has been performing well during this volatile market, and the stock’s up double-digits today – 14%. Cramer attributed much of Knight’s success to Joyce’s stewardship and the trust he’s restored in the company. Knight Capital used to be “one of the dirtiest” shops on Wall Street, Cramer said, and Joyce is largely responsible for changing that image.
“He’s the best there is,” Cramer said of Joyce.
Knight Capital is an investment worth considering, but the stock’s already jumped $2. Cramer would recommend waiting for a pullback.
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