This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration. Need a new registration confirmation email? Click here
Tuesday's "Mad Money" show, Jim Cramer called a bottom in housing and recommended owning banks such as
Wells Fargo(WFC - Get Report),
JPMorgan(JPM - Get Report) and
Bank of America(BAC - Get Report). He owns all three of those companies for his
Action Alerts PLUS charitable trust.
On Wednesday, Wells Fargo slid $1.31, or 5.4%, to close at $23.09; JPMorgan lost 77 cents, or 2.3%, to $32.73; and Bank of America closed down 43 cents, or 3.4%, at $12.30.
Cramer said that
Sepracor's(SEPR) fundamentals are shaky and disagreed with colleague Rick Bensignor, who thought that the stock was heading higher.
On Wednesday, Sepracor added 56 cents, or 3.6%, to close at $16.25.
Cramer said he is not a fan of either
Wal-Mart(WMT - Get Report) or
Target(TGT - Get Report). Goldman Sachs recently downgraded the former and awarded the latter a buy rating. Cramer prefers Target but thinks that rising gas prices make both stocks too much of a risk.
On Wednesday, Wal-Mart closed up 31 cents, or 0.6%, at $48.56, while Target added 43 cents, or 1.1%, to $39.05.
Freeport-McMoRan(FCX - Get Report) is more of a play on copper than a play on gold, said Cramer, and he prefers the
SPDR Gold(GLD) ETF to play gold.
On Wednesday, Freeport lost $1.91, or 3.7%, to close at $50.48, while SPDR Gold added 42 cents, or 0.5%, to $92.35.