Four financial GARP stocks are recommended for investment by CNBC's Jim Cramer.

• On Tuesday, CNBC's Jim Cramer presented a list of four financial stocks that he believes will benefit from the Federal Reserve raising interest rates to control inflation.
• The host of "Mad Money" stated that the market currently seeks GARP, which stands for growth at a reasonable price.

On Tuesday, CNBC's Jim Cramer presented a list of four financial stocks that he believes will benefit from the Federal Reserve raising interest rates to control inflation.

The host of "Mad Money" stated that growth at any cost is no longer in fashion in the Wall Street market, which has been evident for nearly six months. Instead, what this market desires is GARP, which stands for growth at a reasonable price.

"It's a good time to pay attention to the undervalued financials with GARP appeal. We invest in possibilities, not hope, and the chances of winning with growth at a reasonable price have rarely looked this good," he said later.

On Tuesday, the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average all experienced slight declines, with the S&P 500 falling 0.34%, the Nasdaq Composite dropping 0.30%, and the Dow Jones Industrial Average declining 0.26%.

Cramer selected four financial stocks that investors should purchase from the same list he used to pick his top six travel and leisure stocks on Monday. He generated the list by screening companies listed in the S&P 500, resulting in companies with reasonable valuations and earnings growth.

Here is the list of four financial stocks that passed the test:

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