NEW YORK (TheStreet) -- Jim Cramer is steering clear of investing in bank stocks, but he does see opportunity in other financial services stocks.
It's one of 12 sectors where investors should put their money. "Maybe it's an aversion to owning the banks, but the bank-relateds look awfully good here, the processors, the ancillary businesses and alike," Cramer wrote in Here Are 12 Sectors to Bet On on the Real Money Web site.
The S&P 500 is up 12% for the year to date. In each of Cramer's 12 sectors, "you can almost throw darts and win with a couple of rare exceptions," he wrote.
We've listed Cramer's picks alongside the TheStreet Ratings, TheStreet's proprietary stock rating tool which projects a stock's total return potential over a 12-month period including both price appreciation and dividends. Based on 30 major data points, TheStreet Ratings uses a quantitative approach to rating stocks. The model is both objective, using elements such as volatility of past operating revenues, financial strength, and company cash flows, and subjective, including expected equities market returns, future interest rates, implied industry outlook and forecasted company earnings.
Cramer's analysis and that of TheStreet Ratings may differ as Cramer may evaluate stocks without regard to time horizon, while TheStreet Ratings uses consensus estimates for the next 12 months only. In addition, changes in TheStreet Ratings may lag Jim Cramer's analysis, as consensus estimates may take some time to change meaningfully.
Check out Cramer's top picks in the financial services sector.
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