Jim Cramer Predicts Pain for Goldman Sachs

The stock market started the week on a positive note with the Dow Jones Industrial average gaining 23 points to close at 10,197. Investors entered this key earnings week with cautious optimism. On Friday’s Mad Money show, Jim Cramer laid out the key earnings reports this week and cautioned that Goldman Sachs could be in for some “pain” in the near term.

Here is a review of the performance of Jim Cramer’s key stock picks from Friday’s Mad Money show.

Goldman Sachs
Goldman Sachs (GS: 116.15 0.00%) stock gained 0.6% today after Cramer forecasted “pain” for the stock in the near term. Cramer believes the financial giant is a great company, but would steer clear of the stock as long President Obama is targeting the Wall Street firm.

Healthcare stocks
Humana (HUM: 85.15 0.00%) fell 2.8% after Cramer put the healthcare stock, along with United Health Group (UNH: 52.14 0.00%) and RehabCare Group (RHB: 0.00 N/A), on the sell block. Cramer acknowledged that the easy money has already been made in these stocks after the huge rallies off their 2009-lows.

Apple
Apple’s stock jumped 2.7% ahead of their quarterly earnings report. Jim Cramer advised investors to start selling the stock now ahead of Wednesday’s release of their much-anticipated tablet pc.

After the close, Apple’s stock was down slightly despite reported blockbuster earnings with revenues jumping 32% over last year.

Cramer’s Lightning Round stock picks:

• Linn Energy(LINE: 36.43 0.00%) dropped 1.9% – Although Cramer has recommended this stock in the past, he doesn’t recommend buying after the stock’s big rally.

• Huntington Bancshares (HBAN: 6.05 0.00%) gained 2.4% – Cramer advised investors to look at HBAN since the stock is “roaring”.

• Webster Financial (WBS: 23.17 0.00%) jumped 6.6% – Cramer prefers this bank stock as they have few bad loans on their books.