Online Resources Corp., a maker of Internet banking software, will benefit as small and mid-size financial institutions put accounts on the Web, Jim Cramer said on his ``Mad Money'' television program on CNBC.
Banking is a ``backwater when it comes to technology,'' said Cramer, a market commentator and former hedge-fund manager. He said Online Resources will sell more software to banks that automate in order to reduce their workforce or attract younger customers.
Cramer also recommended that viewers buy shares of Cerner Corp., a seller of software to computerize medical records. Digital records can make health-care institutions billions of dollars and might reduce their risk of malpractice suits from messy-handwriting errors, giving Cerner a chance for continued growth, he said.
The company has spent $1 billion on research and development, twice as much as its competitor, the IDX Systems Corp. division of General Electric Co., Cramer said.
Cramer recommended Rackable Systems Inc., Apple Computer Inc., Crown Holdings Inc., Avaya Inc., Biogen Idec Inc., J.C. Penney Co., Procter & Gamble Co., Crystallex International Corp., Montpelier Re Holdings Ltd., Illinois Tool Works Inc. and Darden Restaurants Inc., in response to questions during the show's ``Lightning Round'' segment.
He also told viewers to avoid AudioCodes Ltd., Intuitive Surgical Inc., Kimberly-Clark Corp., Oracle Corp., Fastenal Co., Yankee Candle Co. and Applebee's International, Inc. He said not to buy shares of China Medical Technologies Inc.
Cramer noted that General Electric Co. owns CNBC and that he owns shares of Procter & Gamble Co. and Kimberly-Clark Corp. for his charitable trust.