Shares of Bank of America finished up 6.5% after Cramer said the stock “could rally another 50% and maybe even double”. Cramer believes that Bank of America is undergoing a “volatility expansion” and is heading towards $25 per share. Cramer believes that BAC is a cyclical play that will recover along with the economy. He recommends Bank of America as the best way to play an economic recovery. 

Research in Motion (RIMM: 16.49 0.00%) also benefited from the “Cramer effect” gaining 1.6% on Wednesday. As recently as last month, Cramer was bearish on RIMM due to increasing competitive pressures. However, Cramer now acknowledges that “RIMM is going up without me”. 

Other Cramer stock picks: 

NCR Corp (NCR: 21.44 0.00%) fell 1.1% – After Cramer said he was not a fan of the stock.

Elan (ELN: 13.44 0.00%) dropped 1.5% – “One of my least favorite drug companies.”

PPG Industries (PPG: 91.61 0.00%) jumped 3.7% – Cramer reiterated his bullish position on the stock and their 4% dividend yield.