Date updated:05-01-2008
But Cramer pointed out Monday that interest rates just don’t have the sway over stocks anymore that they’ve had since last summer’s implosion in the credit markets. Earnings, valuation and the momentum of the worldwide economy all matter more right now. So even if the Fed holds rates steady and the market dips, Cramer thinks investors should be buying stocks. “Cut or no cut,” he said, “I’m bullish.”

-
JNJ
Johnson And Johns - $70.67
- +0.31%
- $70.39
Most of the Dow stocks are insulated from the Fed. Think recession-proof names like Johnson & Johnson (JNJ), Pfizer (PFE) and Merck (MRK). Not to mention the rest of the companies who do a bulk of their business overseas, free from any pull-down by a lagging U.S. economy.

-
PFE
Pfizer Inc - $18.51
- -0.86%
- $18.62
Most of the Dow stocks are insulated from the Fed. Think recession-proof names like Johnson & Johnson (JNJ), Pfizer (PFE) and Merck (MRK). Not to mention the rest of the companies who do a bulk of their business overseas, free from any pull-down by a lagging U.S. economy.

-
MRK
Merck Co Inc - $34.30
- +0.38%
- $33.86
Most of the Dow stocks are insulated from the Fed. Think recession-proof names like Johnson & Johnson (JNJ), Pfizer (PFE) and Merck (MRK). Not to mention the rest of the companies who do a bulk of their business overseas, free from any pull-down by a lagging U.S. economy.

-
DE
Deere Co - $63.23
- -0.43%
- $62.93
He also likes the most bullish part of the stock market like oil and gas, agriculture, minerals and infrastructure - isn’t controlled by the dollar, and the dollar’s not controlled by the Fed, Cramer said. Actually, the companies he likes are controlled by worldwide commodities prices. The dollar, meanwhile, is valued according to the U.S.'s budget and trade deficits, not short-term interest rates, and these trends have more to do with the high demand for energy. That’s why Cramer has been touting the success of Deere (DE), Potash (POT), APache (APA) and Nabors (NBR).

-
POT
Potash Cp Saskatc - $162.05
- +7.75%
- $151.47
He also likes the most bullish part of the stock market like oil and gas, agriculture, minerals and infrastructure - isn’t controlled by the dollar, and the dollar’s not controlled by the Fed, Cramer said. Actually, the companies he likes are controlled by worldwide commodities prices. The dollar, meanwhile, is valued according to the U.S.'s budget and trade deficits, not short-term interest rates, and these trends have more to do with the high demand for energy. That’s why Cramer has been touting the success of Deere (DE), Potash (POT), APache (APA) and Nabors (NBR).

-
APA
Apache Cp - $111.43
- +1.27%
- $110.04
He also likes the most bullish part of the stock market like oil and gas, agriculture, minerals and infrastructure - isn’t controlled by the dollar, and the dollar’s not controlled by the Fed, Cramer said. Actually, the companies he likes are controlled by worldwide commodities prices. The dollar, meanwhile, is valued according to the U.S.'s budget and trade deficits, not short-term interest rates, and these trends have more to do with the high demand for energy. That’s why Cramer has been touting the success of Deere (DE), Potash (POT), APache (APA) and Nabors (NBR).

-
NBR
Nabors Inds Inc N - $31.40
- -1.72%
- $31.95
He also likes the most bullish part of the stock market like oil and gas, agriculture, minerals and infrastructure - isn’t controlled by the dollar, and the dollar’s not controlled by the Fed, Cramer said. Actually, the companies he likes are controlled by worldwide commodities prices. The dollar, meanwhile, is valued according to the U.S.'s budget and trade deficits, not short-term interest rates, and these trends have more to do with the high demand for energy. That’s why Cramer has been touting the success of Deere (DE), Potash (POT), APache (APA) and Nabors (NBR).

-
AAPL
Apple Inc - $160.18
- -0.65%
- $158.35
The last reason Cramer is ignoring Wednesday’s Fed announcement is that earnings have been great, and earnings control stocks, he said. Overseas exposure is fueling beats, and even the companies that don’t outperform have been bouncing back and then some. Just look at Apple Apple Inc (AAPL), Amazon.com (AMZN), FedEx (FDX) and Coach (COH).
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