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On Thursday's "Mad Money" show, Jim Cramer said that Thursday's down day was just a breather. It's still a bull market, he said, and banks are still a buy, including Goldman Sachs (GS) - Get Free Report, which he owns for his Action Alerts PLUS charitable trust.

On Friday, Goldman closed up 4.4%, or $5.86, at $139.59.

He also recommended buying the secondary offerings from

Morgan Stanley

(MS) - Get Free Report

and Action Alerts PLUS name

Wells Fargo

(WFC) - Get Free Report


Morgan closed up 3.9%, or $1.06, to $28.20 on Friday, while Wells Fargo added 13.8%, or $3.42, to $28.18.

Cramer said it's time to get out of

International Bancshares

(IBOC) - Get Free Report

, which has gone up 86% since he recommended it in March, and into another bank, such as

Texas Capital

(TCBI) - Get Free Report


Sterling Bancshares

( SBIB) or

Huntington Bancshares

(HBAN) - Get Free Report


International Bancshares gained 92 cents, or 6.7%, to $14.60; Texas Capital added $1.30, or 9.2%, to $15.50, Sterling Bancshares added 56 cents, or 7.9%, to $7.69; and Huntington Bancshares was up $1.31, or 33.7%, to $5.20.

Cramer's fourth "Tech Spec" stock of the week was

On Semiconductor


, which supplies power management components for electronic devices. He said that since the company reported on a down day, it went under the wire, but that the company is getting rid of debt and strengthening its balance sheet. He said that Friday, May 8, would a great time to get into the stock.

On Friday, On Semiconductor lost 10 cents, or 1.8%, to close at $5.61.

At the time of publication, Cramer was long Goldman Sachs and Wells Fargo.

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

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