On Wednesday's "Mad Money" show, Jim Cramer said that every problem has a solution, including the problem of how to invest in banks. He recommended investing in the strongest banks, such as JPMorgan (JPM - Get Report) and Goldman Sachs (GS - Get Report), both of which he owns for his Action Alerts PLUS charitable trust.On Thursday, JPMorgan added $1.37, or 4%, to close at $35.35, and Goldman rose $7.32, or 5.2%, to $149.47. As for worries about rising gas prices, Cramer recommended Transocean ( RIG - Get Report), Occidental ( OXY - Get Report) and Schlumberger ( SLB - Get Report). On Thursday, Transocean closed up $2.32, or 2.9%, at $82.19; Occidental closed up $1.75, or 2.6%, at $68.62; and Schlumberger closed up $1.42, or 2.5%, at $58.31. He also recommended regional bank FirstMerit ( FMER) as a play on low interest rates and homebuyer tax credits. On Thursday, FirstMerit added 58 cents, or 3.4%, to $17.73. Last week, Cramer recommended Tessera Technologies ( TSRA) as a speculative tech name, and he said it's time to take profits in the stock. As of "Mad Money" on Wednesday, Tessera was up 34% since Cramer had give it his stamp of approval. On Thursday, Tessera gave up 37 cents, or 1.4%, to $26.66.
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