Cramer's 'Mad Money' Follow-Up: Cheap Banks

Stock quotes in this article: USB , STT , BBT , LOW , SMG , JPM , GS  

On Monday's "Mad Money" show, Jim Cramer said that the takeaway from Lowe's (LOW Quote) conference call is that the housing market is in the recovery stage. Buying a house is more affordable now than renting, so according to Lowe's, there's a market for lawn and garden items and paint used in home fix-ups.

As a play on paint, Cramer recommended Sherwin-Williams(SHW Quote), and as a play on gardening, he recommended Scotts Miracle-Gro(SMG Quote).

On Tuesday, Lowe's added 11 cents to close at $20.05. Sherwin-Williams rose $1.40, or 2.5%, to $57.12, and Scotts Miracle-Gro closed up 46 cents, or 1.3%, to $36.01.

Goldman Sachs(GS Quote) and JPMorgan(JPM Quote) remain the strongest banks on Cramer's list, and he owns both for his Action Alerts PLUS charitable trust.

According to Cramer, however, the cheapest banks include Action Alert PLUS name State Street(STT Quote), BB&T(BBT Quote) and US Bancorp(USB Quote).

Cramer said that his least favorite bank is Capital One(COF Quote)

On Tuesday, Goldman lost $2, or 1.4%, to close at $$141.15, and JPMorgan slid $1.45, or 3.9%, lower to $35.81. State Street gained $1.42, or 3.4%, to $43.21; BB&T lost 12 cents to close at $22.50; and US Bancorp fell 49 cents, or 2.5%, to $18.86. Capital One gave up $1.16, or 4.5%, closing the day at $24.90.

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At the time of publication, Cramer was long State Street, JPMorgan and Goldman Sachs.

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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