Jim Cramer's Stop Trading! Google $701

Stock quotes in this article: GOOG , FED , DSL , PFB , LMC  

Buy FirstFed (FED Quote), Downey Savings (DSL Quote) and PFF Bancorp (PFB Quote), Jim Cramer said Friday on CNBC's Stop Trading! segment.

These banks "are not good lenders," Cramer cautioned. But Cramer said investors should buy these stocks anyway, if they believe Friday's rally in Washington Mutual (WM Quote) signals a bottom in the U.S. mortgage sector.

Cramer says Lundin Mining (LMC Quote) could go to $20 from $13.59. He also raised his price target on Google (GOOG Quote) to $701, topping Bear Stearns analyst Scott Peck's $700 call earlier Friday.

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

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click here to order his book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here.

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