"I think we've presumed all of a sudden that Obama's the best friend of State Street (STT) - Get Report and Fifth Third (FITB) - Get Report," said Jim Cramer on Wednesday's Street Signs TV show on CNBC. "Where has that idea ever come from politically?"
He said that
is "the premier brokerage in the world." Shares of Morgan and
are the two largest positions in his
charitable trust. "We cannot view them in the same light as the rest of the banks," he said. "Morgan Stanley could double from here."
, which had a "monster good quarter," is his largest bank position in Action Alerts PLUS.
As for tech, Cramer highlighted
Research In Motion
, whose iPhone he called "gigantic." "We're not supposed to getting this sort of rally in tech," he said. "This tech rally has the capability of leading us somewhere. I like the action in Apple and RIM. I think it's real."
At the time of publication, Cramer was long Goldman Sachs, Morgan Stanley and Wells Fargo.
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