On Tuesday's episode of "
," Jim Cramer said that "some banks will actually be winners." Good banks prosper from the failure of bad banks, he said.
That's likely to be the case with
, Ohio's fourth-largest bank, which has $11.1 billion in assets. The Cleveland housing market didn't take as a hard a hit as other areas of the country, and with its competition out of the way, FirstMerit is all set for a growth spurt.
FirstMerit closed up 77 cents, or 4.2%, at $18.97 on Wednesday.
, saying that demand for its products can only rise as the economy strengthens. Wall Street generally does not like the stock, but Cramer said it was ideal to own ahead of economic recovery.
In Wednesday trading, Caterpillar up $1.03, or 3.7%, to close at $28.99.
During his "
" segment, Cramer called Visa "terrific" and said he wanted to buy it "right here." Visa closed down $1.31, or 2.4%, at $54.29.
He also wanted to pull the trigger on
, which he said is having a "decent" quarter. On Wednesday, Pepsi was up 74 cents, or 1.4%, to close at $52.22.
He recommended buying
as it goes lower. "This is a great way to buy housing," he said. Home Depot was up 27 cents, or 1.2%, on Wednesday, closing at $23.83.
Finally, he called
a "good long-term buy." The stock closed up 63 cents, or 3.5%, at $18.79 on Wednesday.
At the time of publication, Cramer was long Caterpillar, Pepsi and Home Depot.
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
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
TheStreet.com 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 TheStreet.com.