Click here for an archive of Jim Cramer's Mad Money recaps. Click here to get Jim Cramer's Mad Money Post Game video exclusively on


Tuesday's "Mad Money" show

, Jim Cramer called a bottom in housing and recommended owning banks such as

Wells Fargo

(WFC) - Get Report



(JPM) - Get Report


Bank of America

(BAC) - Get Report

. He owns all three of those companies for his

Action Alerts PLUS

charitable trust.

On Wednesday, Wells Fargo slid $1.31, or 5.4%, to close at $23.09; JPMorgan lost 77 cents, or 2.3%, to $32.73; and Bank of America closed down 43 cents, or 3.4%, at $12.30.

Cramer said that



fundamentals are shaky and disagreed with colleague Rick Bensignor, who thought that the stock was heading higher.

On Wednesday, Sepracor added 56 cents, or 3.6%, to close at $16.25.

Cramer said he is not a fan of either


(WMT) - Get Report



(TGT) - Get Report

. Goldman Sachs recently downgraded the former and awarded the latter a buy rating. Cramer prefers Target but thinks that rising gas prices make both stocks too much of a risk.

On Wednesday, Wal-Mart closed up 31 cents, or 0.6%, at $48.56, while Target added 43 cents, or 1.1%, to $39.05.


(FCX) - Get Report

is more of a play on copper than a play on gold, said Cramer, and he prefers the


(GLD) - Get Report

ETF to play gold.

On Wednesday, Freeport lost $1.91, or 3.7%, to close at $50.48, while SPDR Gold added 42 cents, or 0.5%, to $92.35.

At the time of publication, Cramer was long Wells Fargo, JPMorgan and Bank of America.

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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