NEW YORK (TheStreet) -- TheStreet's Jim Cramer asks why the banks, which had such great earnings, stopped going up and why industrials, which came into 2014 with a full head of steam, turned into potentially one of the worst performing groups.

Cramer posits the lack of mergers and acquisitions in these sectors has led to the poor performances. He says banks like Wells Fargo  (WFC - Get Report) and JP Morgan  (JPM - Get Report) cannot buy another bank because they are already full up; there's not a lot of room to buy if you already own 30% of the market. There are also no foreign banks coming in to take advantage of the declines in SunTrust  (STI - Get Report) or U.S. Bancorp (USB - Get Report).

For industrials, Cramer says the lack of confidence has traveled overseas because of the Russia-Ukraine tension, so there is less M&A in this sector. Cramer believes industrials need M&A in order to get the group moving again.

Must Watch: Jim Cramer Says Banks, Industrials Lack of M&A Hurting Stocks

EXCLUSIVE OFFER: See inside Jim Cramer’s multi-million dollar charitable trust portfolio to see the stocks he and Stephanie Link think could be potentially HUGE winners. Click here to see the holdings for FREE.

JPM Chart JPM data by YCharts

EXCLUSIVE OFFER: See inside Jim Cramer’s multi-million dollar charitable trust portfolio to see the stocks he and Stephanie Link think could be potentially HUGE winners. Click here to see the holdings for FREE.

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.