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Lightning Round OT: Goldman Sachs, Exelon and More

Lloyds Banking : Cramer can’t get behind LYG. Go with JPMorgan Chase and Goldman Sachs instead, or Wells Fargo on a pullback. State Street at $36 works as well.

BE Aerospace : BEAV is too levered to Boeing , Cramer said. So while he likes the company, he urged investors to watch Boeing as an indication of where BE Aerospace is going. Boeing at $40 is a buy. BEAV at $11 is a buy, as long as Boeing’s business is good.

Exelon : Exelon is a good, conservative utility to own, Cramer said. Though he likes Dominion Resourcesmore. Even the safest plays can come down in a market such as this one, so buy in increments.

Cramer’s charitable trust owns Goldman Sachs, JPMorgan Chase, State Street and Wells Fargo.

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    Jim Cramer is host of CNBC's "Mad Money" and co-anchor of the 9 a.m. ET hour of CNBC's "Squawk on the Street."

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