Cramer Recommends Citigroup

The Dow Jones industrial average dipped 24 points on Thursday to close at 9,256. One notable big gainer was Citigroup (C: 4.13 +4.29%), which saw its stock boosted by surprise recommendation from Jim Cramer on Wednesday nights Mad Money show. 

Shares of Citigroup gained 6.2% after Cramer said the stock the stock was a buy. Cramer sees no reason why Citi’s stock can’t reach $4 per share. Cramer has been bearish on Citigroup in the past and even now seems to struggle with his newfound bullish stance. 

Cramer again recommended Smith Micro Software (SMSI: 8.89 -0.22%) sending the stock up 2.8% on Thursday. Cramer really like the mobile internet sector and likes SMSI even though its trading nears its 52-week high. “I am a buyer on any weakness”, said Cramer. 

Other Cramer stock picks: 

First Energy (FE: 39.75 -0.03%) gained 1.4% – “First Energy is a well-run company with a good yield.”

Tellabs (TLAB: 7.60 +2.15%) jumped 1.6% – Cramer says to buy, buy, buy TLAB under $6 a share.