Morgan Stanley ( MS) had "a fine quarter, and I don't think anyone should sell them on it," said Jim Cramer on CNBC's "Stop Trading!" segment on Wednesday.

The problem, he said, is that Goldman Sachs ( GS) is "so far ahead that it's really different for anybody who is even in the same game." He said Morgan is about six to nine months behind Goldman and might have been up a dollar or so had it not reported after Goldman.

Homebuilder stocks are working because "we see some appreciation in housing," said Cramer. "I think housing's stabilizing." He said that " KB Home ( KBH) looks really great" and that "we're seeing a turn in Lennar ( LEN)."

Cramer owns Altria ( MO) for his Action Alerts PLUS charitable trust, but he said that "I've gotta tell you, I think Philip Morris ( PM) is going to have a much greater growth profile." He said PM's "come down a great deal," and he likes its dividend. "I look at this company as being a quintessential growth stock," he said, but he said its growth prospects are overseas, not in the U.S.

As for tech, Cramer said people forget that the sector driven more by product-cycle growth than GDP growth. "This mobile Internet is exploding," he said, as people switch from TV to smartphone. "Everything that's going, from Intel ( INTC) to Microsoft ( MSFT) to Apple ( MSFT), is about this migration," Cramer said. "It's bigger than snail mail to email. It's bigger than typewriter to word processor."

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