Lightning Round: Philip Morris, Wells Fargo, Con Ed and More

New Alliance Bancshares : With the Democrats making TARP rules even stricter, Cramer’s reluctant to recommend most banks, New Alliance included.

RadioShack : Sell, sell, sell, Cramer said. “I don’t want anything to do with consumer electronics.”

American Capital : Cramer can’t get behind this subordinated-loan company. Sell ACAS, he said.

OGE Energy : Cramer prefers Con Ed , which he said has bottomed.

Salesforce.Com : Believers in high-growth stocks and a strong second half to 2009 should buy CRM, Cramer said, though he’s trying to direct investors to more conservative names right now.

SandRidge Energy : Again, Cramer would rather see people in BP for its 7% yield, if they’re buying oil and gas stocks.

Philip Morris International : Cramer’s bullish on PM at $41.

Wells Fargo : After Obama’s TARP reassessment (see above), the only two bank stock’s Cramer will recommend are JPMorgan Chase and Wells Fargo.

Join Cramer live in the studio for Mad Money: The State of Cramerica, a special town hall-style show on Wednesday, Jan. 21. Get your free tickets here!

Jim's charitable trust owns BP, JPMorgan Chase and Wells Fargo.

Questions for Cramer?

Questions, comments, suggestions for the Mad Money website?