Cramer's 'Mad Money' Follow-Up: Cheap Banks
On Monday's "Mad Money" show, Jim Cramer said that the takeaway from Lowe's (LOW) - Get Report conference call is that the housing market is in the recovery stage. Buying a house is more affordable now than renting, so according to Lowe's, there's a market for lawn and garden items and paint used in home fix-ups.
As a play on paint, Cramer recommended
Sherwin-Williams
(SHW) - Get Report
, and as a play on gardening, he recommended
Scotts Miracle-Gro
(SMG) - Get Report
.
On Tuesday, Lowe's added 11 cents to close at $20.05. Sherwin-Williams rose $1.40, or 2.5%, to $57.12, and Scotts Miracle-Gro closed up 46 cents, or 1.3%, to $36.01.
Goldman Sachs
(GS) - Get Report
and
JPMorgan
(JPM) - Get Report
remain the strongest banks on Cramer's list, and he owns both for his
Action Alerts PLUS charitable trust.
According to Cramer, however, the cheapest banks include Action Alert PLUS name
State Street
(STT) - Get Report
,
BB&T
(BBT) - Get Report
and
US Bancorp
(USB) - Get Report
.
Cramer said that his least favorite bank is
Capital One
(COF) - Get Report
On Tuesday, Goldman lost $2, or 1.4%, to close at $$141.15, and JPMorgan slid $1.45, or 3.9%, lower to $35.81. State Street gained $1.42, or 3.4%, to $43.21; BB&T lost 12 cents to close at $22.50; and US Bancorp fell 49 cents, or 2.5%, to $18.86. Capital One gave up $1.16, or 4.5%, closing the day at $24.90.
At the time of publication, Cramer was long State Street, JPMorgan and Goldman Sachs.
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