On Thursday, AT&T closed down 24 cents, or 0.9%, at $25.50, while Verizon added 9 cents to close at $31.
Industrials were also showing signs of strength, he said, offering
as an example, as were banks, such as
. Cramer owns both stocks for his
General Electric closed up 8 cents at $11.88, and Wells Fargo traded higher by $1.91, or 10.5%, to $20.09.
Wednesday was Earth Day, so Cramer looked into
to demonstrate that green stocks aren't necessarily a good investment for your portfolio or the environment.
Cramer said that for stocks to head higher, they need to demonstrate growth and to pay a dividend, and Owens Corning and Owens-Illinois do neither.
On Thursday, Owens Corning gave up 78 cents, or 4.9%, to close at $15.23, while Owens-Illinois added 66 cents, or 3.8%, to close at $17.89.
Cramer was bullish on
, which he said might be one of few banks with the potential to profit while other banks fail. Cramer said FirstMerit has a chance of becoming Ohio's largest bank. It's returning its TARP funds and pays a nice dividend of about 6%.
On Thursday, FirstMerit closed up 81 cents, or 4.3%, at $19.71.
Cramer was also bullish on
, which he owns for Action Alerts PLUS, and expressed surprise that the stock has fallen as much as it has.
Hewlett-Packard closed at $34.76 on Thursday, up 8 cents.
Cramer also said he prefers
and said Aeropostale is a buy.
Aeropostale fell 21 cents, or 0.7%, to $32.31 on Thursday, while American Eagle was down 25 cents, or 1.6%, at $15.01, and Abercrombie gave up 19 cents, or 0.8%, to close at $23.85.
At the time of publication, Cramer was long Hewlett-Packard, Wells Fargo and General Electric.
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
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