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The selloff in Ameritrade (AMTD) - Get TD Ameritrade Holding Corporation Report and its peers has been overdone, Jim Cramer said Monday on CNBC's Stop Trading! segment.

Cramer called

Bank of America's

(BAC) - Get Bank of America Corp Report

decision earlier this month to offer free equity trading to big depositors "clever," but he said BofA "isn't going to take clients" from Ameritrade and rivals


(ET) - Get Energy Transfer, L.P. Report



(SCHW) - Get Charles Schwab Corporation Report


That's because "retail is back," Cramer said, referring to the retail investor's rising interest in the market in the wake of new highs in the Dow Jones Industrial Average. Plus, he added, "Ameritrade is making so much money."

He said Ameritrade CEO Joe Moglia has "a good story to tell" and that the stock could get back to $19, where it traded two weeks ago before the Bank of America news came out, from a recent $16.62.

Cramer also likes


( WWY), which soared 15% Monday after it hired former

TheStreet Recommends


(NKE) - Get NIKE, Inc. Class B Report

chief Bill Perez as CEO. Perez is widely admired, Cramer said, and left the shoe giant largely because of a personality clash with Nike guru Phil Knight.

"It's too bad he didn't last at Nike," Cramer said of Perez. But "he'll slash and burn at Wrigley without affecting the top line." Cramer said he expects the stock to pull back a dollar or so before running up to $60 from a recent $53.42.

Cramer also said Monday's renewed gains across the market show that while "the rigor is lacking, the money isn't." He said big gainers in recent days have included stumbling


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and slow-growing


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, in spite of the companies' failure to show they've gotten their houses in order. "That's why this market is going higher," he said.

At the time of publication, Cramer had no position in stocks mentioned.

Jim Cramer is a director and co-founder of He contributes daily market commentary for's sites and serves as an adviser to the company's CEO. Outside contributing columnists for and, 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

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