This article originally appeared Feb. 3

Click here for an archive of Jim Cramer's Mad Money recaps.

"Today's market was all about the good banks versus the bad banks," Jim Cramer told viewers of his "Mad Money" TV show Tuesday.

The good "banks", he said, are companies that have huge piles of cash and don't need any additional money to expand or stay in business. The bad "banks" desperately need cash, from anyone, at any cost.

Image placeholder title

Cramer said traditionally, the companies with the money were actual banks, but in today's market, the only companies investors can bank on are anything but the bank stocks.

Cramer said the good "banks" are companies like

Schering-Plough

( SGP), which reported a huge quarter and has money to burn.

Merck

(MRK) - Get Report

also reported a gigantic quarter and is flush with cash to buy other companies or its own stock.

Cramer said the same can be said for

Medco Health Solutions

(MHS)

and

Exxon Mobil

(XOM) - Get Report

.

Cramer expanded the good "bank" list to include

Verizon

(VZ) - Get Report

,

Salesforce.com

(CRM) - Get Report

,

McDonald's

(MCD) - Get Report

General Mills

(GIS) - Get Report

, and

Bristol-Myers Squibb

(BMY) - Get Report

. He owns the latter two in his

Action Alerts PLUS portfolio.

Cramer also favored

Goldman Sachs

(GS) - Get Report

, which he owns for his

Action Alerts PLUS portfolio.

Cramer: The Cyclical Trade

var config = new Array(); config<BRACKET>"videoId"</BRACKET> = 10461496; config<BRACKET>"playerTag"</BRACKET> = "TSCM Embedded Video Player"; config<BRACKET>"autoStart"</BRACKET> = false; config<BRACKET>"preloadBackColor"</BRACKET> = "#FFFFFF"; config<BRACKET>"useOverlayMenu"</BRACKET> = "false"; config<BRACKET>"width"</BRACKET> = 265; config<BRACKET>"height"</BRACKET> = 255; config<BRACKET>"playerId"</BRACKET> = 1243645856; createExperience(config, 8);

On the bad "bank" list, Cramer included just about every publicly traded bank. He said the banks all need money to survive and are prone to cuts in their dividends. He singled out

Citigroup

(C) - Get Report

,

PNC

(PNC) - Get Report

and

Suntrust

(STI) - Get Report

as three recent examples of stocks getting hammered.

Opposite Directions

Cramer told viewers it takes a lot more than just numbers to define a good quarter.

To illustrate his point, he compared

Colgate-Palmolive

(CL) - Get Report

, which he said posted the single best quarter he's seen, to aircraft maker

Textron

(TXT) - Get Report

, which is the exact opposite.

Image placeholder title

Cramer said Colgate is doing just about everything right. The company has raw costs under control and posted numbers that no other packaged goods company came close to matching. Cramer said Colgate also didn't let the strong dollar get in the way of its profits, as it grew sales by 9% worldwide.

Colgate also saw strength in many of its brands, and was able to take market share even while reducing advertising costs. "Colgate is in total control of its destiny," said Cramer. He also said the company introduced new products while reducing R&D spending.

Textron, on the other hand, posted an abysmal quarter. The maker of Cesna aircraft and corporate jets saw only 30 completed orders in the quarter, with 23 cancellations. Cramer called the company's finance division "a financial black hole" with losses two to four times larger than expected.

But Cramer said the news at Textron gets even worse. The company's manufacturing business serves the auto industry, where sales are estimated to be down 20% to 25%. Textron also is having difficultly obtaining short-term financing and owes $2 billion to creditors, he said .

"Great companies look like Colgate," said Cramer, " bad ones look like Textron."

Freeport Looks Solid

In his Off the Charts segment, Cramer looked at the chart of

Freeport McMoran

(FCX) - Get Report

, a stock which he owns for his charitable trust,

Action Alerts PLUS to see if this stock still makes the grade.

Image placeholder title

Cramer said the charts for Freeport indicate the stock is oversold and due for a rally. The chartists say the power of the sellers peaked in December, when shares traded 80% below its 200-day moving average. Currently shares have recovered to just 65% below their 200-day moving average, and the stock is posting a series of higher highs and higher lows.

Turning to a more fundamental analysis, Cramer said Freeport has put all of the negative news behind them. He said the company has taken aggressive action to strengthen its cash position and has already bit the bullet on cutting costs. Cramer called Freeport the single best way to play copper with the price of the commodity stabilizing.

According to Cramer, both the technical and fundamental analysis show strength for Freeport. And with 30% of the company's sales in China, a market poised for a recovery, Cramer said it's hard not to love the company.

Outrage of the Day

Cramer sounded off at new Attorney General Eric Holder, for his comments today that there will be no "witch hunts" on Wall Street.

"Witch hunts are exactly what we need," said Cramer. He said the only way to restore confidence on Wall Street is to prosecute the guilty. He again advocated creating a special prosecutor to focus on Wall Street and indict those responsible for the many bank and insurance failures.

"The people are demanding justice," he said, "who are we to deny them?"

Mad Mail

In this segment, Cramer told a viewer that

Fortune Brands

( FO) has been a loser and he's concerned about its dividend. He appealed to CEO Bruce Carbonari to return to the show and defend the stock, which he touted at his last appearance.

Cramer defended his call to sell

Macy's

(M) - Get Report

when questioned by another viewer. Cramer said he advised selling the stock prior to the company cutting its dividend.

Lightning Round

Cramer was bullish on

Walt Disney

(DIS) - Get Report

,

Celgene

(CELG) - Get Report

and

Kinder Morgan

(KMP)

.

He was bearish on

Pfizer

(PFE) - Get Report

,

Vimpel Communications

(VIP)

,

Discover Financial Services

(DFS) - Get Report

,

Transocean

(RIG) - Get Report

,

National Oilwell Varco

(NOV) - Get Report

,

Rambus

(RMBS) - Get Report

,

BB&T Corp

(BBT) - Get Report

,

Palm

( PALM),

Force Protection

(FRPT) - Get Report

and

Atlas Energy Resources

( ATN).

Check out the latest edition of

"Cramer's Take onTop-Searched Stocks" on Stockpickr.

Image placeholder title

P/>Want more Cramer? Check out Jim's rules and commandments for investing by

clicking here

.

Read more of Cramer's Mad Money Lightning Round insights

.

For "Mad Money" performance statistics and other links, check out Mad Money stats

At the time of publication, Cramer was long General Mills, Bristol-Myers Squibb, Goldman Sachs. Freeport McMoran.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of TheStreet.com or its affiliates, or CNBC, NBC UNIVERSAL or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither TheStreet.com, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or TheStreet.com is related to the specific opinions expressed by him on "Mad Money."

None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, TheStreet.com or CNBC that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the program. Mr. Cramer's past results are not necessarily indicative of future performance. Neither Mr. Cramer, nor TheStreet.com, nor CNBC guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the program. The strategy or investments discussed may fluctuate in price or value and you may get back less than you invested. Before acting on any information contained in the program, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

Some of the stocks mentioned by Mr. Cramer on "Mad Money" are held in Mr. Cramer's Action Alerts PLUS Portfolio. When that is the case, appropriate disclosure is made on the program and in the "Mad Money" recap available on TheStreet.com. The Action Alerts PLUS Portfolio contains all of Mr. Cramer's personal investments in publicly-traded equity securities only, and does not include any mutual fund holdings or other institutionally managed assets, private equity investments, or his holdings in TheStreet.com, Inc. Since March 2005, the Action Alerts PLUS Portfolio has been held by a Trust, the realized profits from which have been pledged to charity. Mr. Cramer retains full investment discretion with respect to all securities contained in the Trust. Mr. Cramer is subject to certain trading restrictions, and must hold all securities in the Action Alerts PLUS Portfolio for at least one month, and is not permitted to buy or sell any security he has spoken about on television or on his radio program for five days following the broadcast.