Cramer's 'Stop Trading': Value in Salesforce.com

Stock quotes in this article: CYN , JPM , AAPL , RIMM , CRM  

Banks and financials dominated the topics of discussion between Jim Cramer and Erin Burnett on CNBC's "Stop Trading!" segment Tuesday. However, Cramer also offered a tech stock recommendation.

You already know some of the tech stocks he likes -- such as Apple (AAPL Quote) and Research In Motion (RIMM Quote) -- but another name Cramer likes is Salesforce.com (CRM Quote), he said.

Why? It's about Marc Benioff, the CEO of Salesforce.com. "Mark is an amazing manager," Cramer said. And while the stock's "not cheap, it shows great value for a growth stock."

Moving on to financials, when asked about City National Bank (CYN Quote), Cramer said of its CEO, Russell Goldsmith: "I love him, he's a good executive." However, as much as he believes Goldsmith's a great businessman, he does not believe it's now worthwhile to buy City National or any regional bank for that matter.

During his conversation with Burnett, Cramer stated how he absolutely disagrees with Treasury Secretary Hank Paulson that the balance sheets for financials are strong. Cramer also said he doesn't believe the Fed will cut rates, since Fed Chairman Ben Bernanke has stated his belief that financials have very strong balance sheets.

Cramer said Paulson is essentially telling people "short banks, I'm not going to help them." When Burnett joked that it sounded as if Cramer was asking for government intervention, Cramer said Bernanke should not have stated the financials are sound but instead should have offered some sort of rhetoric that the Fed would work on improving the current situation to create a strong, sound environment within the financials.

Cramer then went on to give an example of how management from financials corporations are essentially forced to tell people that their balance sheets are strong. Consider Bear Stearns. He said JPMorgan (JPM Quote) "made a bad move with the acquisition" of Bear.

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At the time of publication, Cramer had no positions 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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