Skip to main content

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






, 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


, which has no mortgages on its books, and



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

U.S. Bancorp





, 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.

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

Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click

here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click

here to order his book, "Real Money: Sane Investing in an Insane World," click

here to get his second book, "You Got Screwed!" and click

here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by

clicking here. has a revenue-sharing relationship with Traders' Library under which it receives a portion of the revenue from Traders' Library purchases by customers directed there from