"Remember, I like the financials," Jim Cramer said on Wednesday's "Stop Trading!" segment on CNBC. "Yesterday was a brutal day for people like me who like the financials."
This afternoon, though, brought a jump in
Bank of America
Cramer's been recommending Bank of America and JPMorgan, which are part of his Fortress Four (along with
). He owns JPMorgan for his
"Those you buy on weakness, every time they're down," he said.
Yesterday was a brutal day for the commodities, too. "I hate to recommend these stocks that are commodity-oriented because they're all about hedge funds," he said.
Clean Energy Fuels
"a great story" and said the stock has dropped a couple of points. And he said that
"is always a high-quality company."
But he said, "this group is wildly in the hands of hedge funds. It's not for regular everyday people."
Now that gasoline prices are falling,
is expected to benefit from increased theme park attendance, even though CEO Bob Iger said higher gas prices didn't hurt attendance. "I think a lot of that was relative," Cramer said. "Traffic was not hurt by high gasoline prices. It wasn't. I'm saying that traffic could now explode."
In addition, Disney has "a bunch of really big releases coming up," ESPN's doing well, and the Jonas Brothers are wildly popular. Increased traffic, Cramer said, "is just the icing on the cake."
He is concerned about the decline in the number of flights, but "Disney is a stock that is perceived by the market as a beneficiary of lower gasoline prices," he said, "and I'm not fighting it any more than I fought
At the time of publication, Cramer was long JPMorgan.
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