Stop Trading: Jim Cramer Finds Goldman A Good Buy

In his “Stop Trading!” segment on CNBC, Jim Cramer stressed that Goldman Sachs GS, which reported its second-quarter earnings at $2.75 a share on Tuesday, is a buy. Jim said that the fact that GS earned $2.75 per share, when both the US government and British were targeting it, spoke volumes about the company. He declared that what Goldman accomplished was no small feat. Cramer mentioned that Goldman hardly has any competition. Thus, "they'll do great" when the business environment improves. Addressing a recent report from RBS RBS that predicted that people will stop believing in stocks, Cramer commented that the statement was "the most stupid thing I've heard in a long time." He said that Pepsi's PEP has posted impressive second-quarter results and it is a company that "can make you money." To see more trading ideas, click here.