Look for Names That Don't Need Money

Look for Names That Don't Need Money
By Jim Cramer

The real banks are companies like Procter & Gamble and Colgate . Or Cisco and Intel . The real banks are Coke and Pepsi . These are the companies with gigantic hordes of cash that have been trying to put it to work either buying other companies are buying back stock. There is a tremendous irony here. You have a real economy that is swimming in cash and good orders, everything from Caterpillar and 3M , to Honeywell and Exxon . And then you have a couple of dozen banks that don't have any more money. If you want to bottom-fish off today's action, why not to go after the companies that don't need money, not the ones that do? At the time of publication, Cramer had no positions in the stocks mentioned