Cramer's Ignore The Fed Stock Plays
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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.”

symbol name last price % change open
  • +
  • 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.

People owning JNJ also tend to own: AAAIGIBMINTCJPMKOMSFT

TheStreet.com Rating: A- What is this?

  • +
  • 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.

People owning PFE also tend to own: AAALLAPCBUDCOPCVXDOW

TheStreet.com Rating: C+ What is this?

  • +
  • 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.

People owning MRK also tend to own: CCATDEFNMFREGEKO

TheStreet.com Rating: B- What is this?

  • +
  • 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).

People owning DE also tend to own: AAPLAATICATCOFCOPDVNGS

TheStreet.com Rating: B What is this?

  • +
  • 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).

People owning POT also tend to own: ABKBBDCFCDEFCXFREFWLT

TheStreet.com Rating: A+ What is this?

  • +
  • 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).

People owning APA also tend to own: BGCBHPCBIIPSSSRIAAPLAUY

TheStreet.com Rating: A- What is this?

  • +
  • 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).

People owning NBR also tend to own: ESVHPRDCAMTDBNIGLWUNH

TheStreet.com Rating: B+ What is this?

  • +
  • 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).

People owning AAPL also tend to own: AMDCSCODELLGOOGIBMINTCMSFT

TheStreet.com Rating: B+ What is this?

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