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

On Monday's "Mad Money" show, Jim Cramer said that the takeaway from Lowe's (LOW) 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), and as a play on gardening, he recommended Scotts Miracle-Gro(SMG).

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) and JPMorgan(JPM) 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), BB&T(BBT) and US Bancorp(USB).

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

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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