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Cramer's 'Mad Money' Follow-Up: Banks

Goldman and JPMorgan stand to win big from the new mark-to-market rules, said Jim Cramer.

On Monday's "Mad Money" TV show, Jim Cramer recommended Siliconware Precision (SPIL) as a speculative play and a follow-up to his recommendations of Taiwan Semiconductor (TSM) and Xilinx (XLNX) .

Cramer said Siliconware, whose customers include

Intel

(INTC)

and

Nvidia

(NVDA)

, might be worth speculating on due to increased demand that's pushed up sales by 28% in spite of a production decline in March. He also liked its 8.5% dividend yield.

On Tuesday, Siliconware closed up 7 cents, or 1.1%, at $6.40.

Cramer said that

Goldman Sachs

(GS)

, which has no mortgages on its books, and

JPMorgan

(JPM)

stand to win big from recent changes to the mark-to-market accounting rules. Other banks, including

U.S. Bancorp

undefined

and

PNC

(PNC)

, were on Cramer's sell list.

On Tuesday, JPMorgan closed down 95 cents, or 3.5%; Goldman was down 57 cents, or 0.5%, at $116.08; U.S. Bancorp was down 82 cents, or 5.4%, at $14.42; and PNC lost $2.04, or 6%, to $31.77.

At the time of publication, Cramer was long JPMorgan, Goldman Sachs.

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