Cramer's Bailout Plan Winners
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Date updated:10-02-2008

While Cramer still told investors to use caution, sell into strength, and cut back at least 20% of their portfolios, he sees some obvious winners once the Paulson plan is signed into law.

symbol name last price % change open
  • +
  • BAC
    Bk Of America Cp
  • $15.85
  • +2.46%
  • $15.59

He said that Bank of America (BAC) stands to benefit.

People owning BAC also tend to own: AAADPAVPBRK-BBUDCSCOCX

TheStreet.com Rating: C- What is this?

  • +
  • WB
    32.35
  • $5.27
  • 0.00
  • $5.27

Cramer said that Wachovia (WB) will also benefit from the bailout. With CEO Bob Steel's previous government experience, Cramer said that he will be able to take advantage of the plan by splitting Wachovia into good and bad components and sell off the bad parts quickly to the government.

People owning WB also tend to own: ACEBACCCBCOPCVXDIS

TheStreet.com Rating: No Rating What is this?

  • +
  • GS
    Goldman Sachs Grp
  • $169.66
  • +3.57%
  • $165.47

Cramer said that Goldman Sachs (GS), a stock which he owns for his charitable trust Action Alerts PLUS, will also benefit from the Paulson plan. He said that Goldman has the currency and capital to become a big international bank. He speculated that Goldman might consider buying Wachovia, which is now valued at just half Goldman's marketcap.

People owning GS also tend to own: AOBCOGOCRYPGELGLWGRMNMDRX

TheStreet.com Rating: C What is this?

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