"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

Morgan Stanley

(MS) - Get Report

is "the premier brokerage in the world." Shares of Morgan and

Goldman Sachs

(GS) - Get Report

are the two largest positions in his

Action Alerts PLUS

charitable trust. "We cannot view them in the same light as the rest of the banks," he said. "Morgan Stanley could double from here."

Wells Fargo

(WFC) - Get Report

, which had a "monster good quarter," is his largest bank position in Action Alerts PLUS.

As for tech, Cramer highlighted

Research In Motion




(AAPL) - Get Report

, 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.

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

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