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Jim Cramer Shares His Thoughts On General Electric And Fiat Chrysler

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On CNBC's Mad Money, Jim Cramer said that market is currently under pressure and he advised his viewers not to buy stocks until the pullback is over.

Cramer would not hurry to buy General Electric Company (NYSE: GE). He believes that it could trade lower to $24 or $25, but he said that it could even drop to $23, because it was there in August.

Fiat Chrysler Automobiles NV (NYSE: FCAU) should trade lower in the short term, thinks Cramer. He advised his viewer to hold the stock, if he can handle a decline from $7.98 to $5, because after that it might trade higher. Cramer doesn't like most of the auto stocks, but Fiat Chrysler is among the few in the space that he likes.

 

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Posted-In: CNBC Mad Money Jim CramerMedia