Jim Cramer said he's adding shares of Bank of America (BAC) to the Action Alerts PLUS portfolio that he manages, because it's the bank most levered to higher short-term interest rates. Cramer also said he's been buying shares of PayPal (PYPL), along with Google (GOOG), which looks inexpensive. But Cramer cautioned that even stocks he likes may fall in this current market environment. He added any company involved with cellphones, like Qualcomm (QCOM), is still going down. Cramer discussed several other stocks while answering questions from viewers. He likes PPG (PPG) over Sherwin Williams (SHW), he likes Public Storage (PSA) but he would not recommend any REITS. Hormel (HRL) is a stock to buy on a downturn. Cramer answers viewer questions in a daily segment with TheStreet. You can submit questions on his Facebook (FB) page or on Twitter (TWTR). Use hashtag Cramer Q.
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