It's time to buy the financial stocks, Jim Cramer said Tuesday on CNBC's "Stop Trading!" segment.
Cramer said that while many investors are looking to buy tech in the runup to Christmas, the real bargains are to be had among the banks and brokerages. "I love the financials," Cramer said.
, he said, "can get to $40 without being expensive" from a recent $36.50.
Cramer said he also likes
"Goldman Slacks can go to 200," he said, using his nickname for his former employer, which recently fetched $173. "Morgan Stanley and Merrill Lynch are galloping higher."
Cramer also likes consumer staples, but he said that with a "stealth bull market" under way, a new high on the
is "just a matter of time."
"You don't want to give the market a speeding ticket," he said. One factor very powerfully propelling the rally, Cramer said, is the sharp decline in commodity prices from gold and oil to copper.
"I have never seen a decline this precipitous," Cramer said.
Cramer also said investors should look at higher-quality tech names such as
. "What a steal," Cramer said -- "a 40 multiple for the fastest-growing company in America."
At the time of publication, Cramer was long Goldman Sachs.
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