As the market surged to new highs on Wednesday, Jim Cramer broke down what a Donald Trump stock is, and what it's not.
"The industries that the President-elect favors, and that's most of them, are in a fabulous house of pleasure, while the ones that have earned his wrath could be in for a world of potential pain," the "Mad Money" host said.
The only problem is that like Donald Trump, the market tends to fluctuate, so Cramer warned that the list could change. He broke down stocks into three categories: Ones Trump has blessed either by his word or by deed; agnostic stocks where he has no impact beyond the economy; and stocks on his bad side that are now in purgatory.
On the good list were the banks, metals and domestic companies that depend on the strength of the economy.
Trump has made it his intention to rescue the banks from a stiff regulatory atmosphere that he believes cuts back on lending, and makes it more difficult for the U.S. to grow. He wants to get the government out of the way so the banks can lend more money, Cramer said.
"Bank of America … This thing acts like it's the first national bank of Trump," Cramer said.