Jim Cramer recommended a basket of "Bernanke Bank Stocks" on his "Mad Money" show Monday night, which included such names as Citigroup (C) - Get Report and Bank of America (BAC) - Get Report. All but one of the stocks Cramer was bullish on traded higher Tuesday.

On Tuesday, shares of Citigroup closed higher, up $0.18, or 7.73% to $2.51. Shares of Bank of America closed higher, up $0.09, or 1.46% to $6.27. Shares of

U.S. Bancorp

(USB) - Get Report

closed higher, up $0.74, or 5.37% to $14.52. Shares of

Blackstone Group

(BX) - Get Report

closed lower, down $0.09, or 1.49% to $5.97. Shares of

Wells Fargo

(WFC) - Get Report

closed higher, up $0.96, or 7.01% to $14.66.

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According to Cramer,


Chairman Ben Bernanke's comments -- in a recent "60 Minutes" interview -- about preserving the American financial system are fueling the bank stocks' rally.

Cramer recommended a basket of what he called "Bernanke Bank Stocks" that he said are now just too cheap to pass up. This basket of stocks, he said, "could be exciting": Citigroup, Bank of America, U.S. Bancorp, Blackstone Group and Wells Fargo.

Cramer said he's also bullish on the "trade-down" trend of consumers opting for private label brands over brand names. For that trend, he said he still likes

Family Dollar






TreeHouse Foods

(THS) - Get Report


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On Tuesday, shares of Family Dollar shares of closed higher, up $0.95, or 3.11% to $31.54. Shares of Ralcorp closed higher, up $1.66, or 2.99% to $57.19. Shares of TreeHouse Foods closed higher, up $0.34, or 1.19% to $28.96.

At the time of publication, Cramer was long Wells Fargo via his

Action Alerts PLUS portfolio.

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