Small Financials Get Hot

Sure, tech is strong. It's amazingly strong. And all of the stocks that were recommended -- Research In Motion (RIMM - commentary - Trade Now), NetApp (NTAP - commentary - Trade Now), Google (GOOG - commentary - Trade Now) -- are powering higher. Much higher.

But what is most important is that, once again, the small banks are on fire, and this time it is my fave, Huntington Bancshares (HBAN - commentary - Trade Now), bursting out from where it did the deal.

I didn't want a deal. I didn't think it needed to do one. But you are now up 30 cents from where the deal came, and I think that means the magic of the bank secondaries is back. Once again, people despise the new supply and then lap it up.

Could Synovus (SNV - commentary - Trade Now) be next? I will say this: Huntington is a much better lender than Synovus. But Synovus is way too low and way too low below its offering,

I would also circle back to some of the other low-digit banks, including Citigroup (C - commentary - Trade Now) and Fifth Third (FITB - commentary - Trade Now).

HBAN.

People gave up too fast.

Good to be angry at the deal.

Bad to sell in anger!

At the time of publication, Cramer had no positions in stocks mentioned.

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