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NEW YORK ( TheStreet) -- After weeks of getting pummeled, the bank stocks have finally hit bottom, Jim Cramer told the viewers of his "Mad Money" TV show Tuesday. As a result, Cramer said he would buy the banks stocks aggressively. He said there's been a clear pattern for the stocks on President Obama's corporate enemies list. Any time Obama mentions a stock, whether it be in the health care, credit card or banking sector, it gets hit hard as negative headlines roll out of Washington. But Cramer noted that after the decline, most of these stocks recover handsomely, and that's exactly what he said is ready to happen with the bank stocks.
Federal Budget PlayInvestors looking to cash in from Obama's proposed $3.8 trillion federal budget should look no further than URS Corp ( URS), Cramer told viewers. He said this rarely talked- about engineering and construction company will be the big winner if Obama's budget proposals come to pass. Cramer said unlike its rivals Fluor ( FLR - Get Report), Jacobs Engineering ( JEC - Get Report) and Shaw Group ( SHAW), URS derived 91% of its revenue domestically in 2008, which makes it the perfect play in a world where U.S. construction spending is on the rise, while China's appears to be hitting the brakes. URS has a portfolio of businesses favored by Obama, including environmental services, military services and best of all, nuclear site management. Cramer said URS is one of only three companies with design and construction abilities for nuclear power facilities, something Obama is solidly behind. However, unlike its rivals, much of URS' business is in the design and engineering area, meaning it will see revenues earlier than the other two. URS also received 43% of its revenues directly from the federal sector, mainly in transportation and military areas. Cramer said this makes URS a stable bet even if Obama's latest agenda falls through. Trading at just 12.7 times its earnings, but with a 10% long term growth rate, Cramer said URS is a cheap stock. Couple that with its $17.9 billion backlog, which is 4.7 times its marketcap, and Cramer said URS is the big federal budget winner.
Off the ChartsIn this segment, Cramer went head to head with colleague Dan Fitzpatrick over the chart of Qualcomm ( QCOM), another Action Alerts Plus name, and a stock that received a 14% haircut after it reported a disappointing second quarter. According to Fitzpatrick, the chart of Qualcomm shows the stock may have bottomed, since after its precipitous drop on Thursday, the stock drifted lower on light volume Friday and recovered slighted the following Monday. Fitzpatrick also noted however, that if the stock slipped below $38.50 a share, it could be in for a rough ride. Turning to the fundamentals, Cramer said he still thinks Qualcomm has a great long-term story, as its chips are at the heart of he revolution in mobile smartphones. Now trading at just 16 times earnings, with $18.9 billion, or $11 a share, in cash, Cramer said this now $38 stock is compelling. But Cramer said stocks are all about managing expectations, something that Qualcomm failed miserably at last week. After an upbeat presentation at the Consumer Electronic Show in January, the company came back just two weeks later with miserable results. Cramer said in the end, Qualcomm's problems, which included a slowdown in China and lower prices for its chips, will work themselves out. However until then, Cramer said Qualcomm is guilty until proven innocent, and must deliver a strong quarter before he'll consider them investable again.
Mad MailCramer told a viewer that he's still behind computer maker Hewlett-Packard ( HPQ - Get Report). Cramer told another viewer that Netflix ( NFLX - Get Report) is a real winner, especially with its streaming video service. Cramer told a third viewer that the problem with Sandisk ( SNDK) is that it didn't deliver a big upside surprise and he'd be a seller. Cramer told a final viewer that he wouldn't give up on Broadwind Energy ( BWEN - Get Report) and the prospects for wind energy in America.
Lightning RoundCramer was bullish on Stryker ( SYK - Get Report), Merck ( MRK - Get Report), Clean Energy Fuels ( CLNE - Get Report), Microsoft ( MSFT - Get Report), Intel ( INTC - Get Report) and Apple ( AAPL - Get Report). He was bearish on Zimmer Holdings ( ZMH), 3Com Corporation ( COMS), Ebix ( EBIX - Get Report) and Motorola ( MOT). -- Written by Scott Rutt in Washington D.C. To watch replays of Cramer's video segments, visit the