GE) as an example, as were banks, such as Wells Fargo ( WFC). Cramer owns both stocks for his Action Alerts PLUS charitable trust. 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 Owens Corning ( OC) and Owens-Illinois ( OI) 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 FirstMerit ( FMER), 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 Hewlett-Packard ( HPQ), 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 Aeropostale ( ARO) to competitors Abercrombie ( ANF) and American Eagle ( AEO) 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.