Cramer's 'Mad Money' Recap: Wells Fargo Will Keep

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"Wells Fargo (WFC Quote - Cramer on WFC - Stock Picks) could survive the post-Bernanke world and head higher," said Jim Cramer on his "Mad Money" TV show Thursday. "It is the great speculative play that should prosper."

Down 300 points at its worst point of the day, today's market brought on a number of surprises. The most notable, after Countrywide Financial's (CFC Quote - Cramer on CFC - Stock Picks) news, said Cramer, was that investors came out of the woodwork to buy financially related stocks.

Cramer referred to these companies as "long-term beneficiaries" of Bernanke's standpoint but didn't regard all of them as safe investments.

Cramer explained to viewers that while many financial stocks were up as of closing, he did not have a strong feeling for the financial industry as a whole. Washington Mutual (WM Quote - Cramer on WM - Stock Picks) fell into SellSellSell territory.

Bank of America (BAC Quote - Cramer on BAC - Stock Picks) and Wachovia (WB Quote - Cramer on WB - Stock Picks) did earn Cramer's brief but positive acknowledgment as potential winners.

Cramer does see big things ahead for Wells Fargo (WFC Quote - Cramer on WFC - Stock Picks). Calling it a stock for "when the smoke clears," Cramer said he believes it will "own the mortgage market" and be in better shape than its peers.

The company is known to offer a "great" dividend, and Cramer is a fan of its diversified holdings. He'd buy some "in a week or two" should the price fall into the $32 to $34 range.

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