Cramer pans Chuck Prince; and get on with the bad news for Texas Instruments

Posted Jan 22nd 2007 3:50PM by Jon Ogg
Filed under: Major Movement, Analyst Reports, Analyst Upgrades and Downgrades, Citigroup Inc. (C), Texas Instruments (TXN)

On today's STOP TRADING! segment on CNBC, Cramer said on Citigroup (NYSE:C) that Chuck Prince leaving would be worth $5 and a break-up worth $2 per share. Cramer said Prince leaving could convince him to buy the stock but that's it. He wants a banker running it instead of a lawyer.

Texas Instruments Inc.(NYSE:TXN) needs to go ahead and get the bad news out of the way and then we can get a brief rally in tech.

Cramer said Kimberly-Clark Corp. (NYSE:KMB) will benefit from lower energy prices more than the Street thinks since he said the forward guidance was based on above $70 oil prices.

Cummins Inc. (NYSE:CMI) should be down more than it is after Eaton Corp.(NYSE:ETN).

He didn't make any comments on that 17,000 level he threw out in a video on TheStreet.com so that prior statement must have just been some very long-term conjecture.

Tags: KMB