Cramer's Stop Trading! Super-Regional Banks (4/7/09)

by: Miriam Metzinger

Stocks discussed on Jim Cramer's Stop Trading! TV program, Tuesday March 7.

There will be no Cramer recap published on Thursday March 9.

First Niagra (NASDAQ:FNFG), First Merit (NASDAQ:FMER), PNC Financial (NYSE:PNC), Telestra (OTCPK:TTRAF), Cisco (NASDAQ:CSCO)

Cramer discussed the rise of super-regional banks with First Niagra, which is set to buy up $4.2 billion in deposits and 57 branches in Pennsylvania from National City, which is owned by PNC. Cramer thinks First Niagra has further to go and he also thinks First Merit is another great regional bank to watch.

Bloomberg has announced a $30.5 billion infrastructure project in Australia to improve 3G wireless connectivity. Although Australian company Telestra may be the main beneficiary, Cisco also stands to gain from the project, and Cramer thinks Cisco is worth watching even though it reported a lackluster quarter.


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