Jim Cramer says “Run with the bulls” and buy these winning stocks

CNBC’s Jim Cramer provided investors with a basket of stocks on Wednesday, and he believes he can continue to succeed regardless of the Fed’s policy.
“Forget the big picture. When you pick stocks now, you need to keep track of two things: the industry and the company, including the people who run it,” the “Crazy Money” host said.
Kramer said that in the final analysis, investors have two choices. The first is to listen to the opinions of “experts obsessed with the Federal Reserve,” he said. The second is “Forget the money supply or the central bank, and only run with the bulls. It is not difficult to find them in this wonderful market.”
Cramer said that he believes that the entire chip industry is in a “bull market mode,” and many companies are performing well, such as NXP Semiconductors, Marvell Technology and Qualcomm.
“But I prefer AMD and Nvidia because they make incredible products and they have outstanding leadership,” Cramer said, noting that AMD, under the guidance of CEO Lisa Su, is seeking to complete Xilinx Acquisition.
Cramer pointed out that similarly, Nvidia is trying to complete the transaction with Arm Holdings. Cramer said that if it removes the necessary regulatory hurdles, Nvidia “will become the most important semiconductor company of our time.”
Kramer said many of the country’s largest banks provide investors with the “biggest bargains” relative to other stock markets. Kramer said this is especially true considering that they “may be only a few months away from a new interest rate hike cycle.” Banks benefit from higher interest rates.
“Morgan Stanley is no longer a bank: it’s a wealth advisory service that happens to do some investment banking services. This means it’s a light bank. I like that,” Kramer said.
Kramer said, on the other hand, Wells Fargo provided a “turning story” after years of scandal, adding that he believed that CEO Charlie Schaff would continue to provide improvements.
“One day, I expect Wells Fargo will return to a high of $50 per share, when everything is falling apart. Until then, stick to it,” Kramer said.
Cramer said that he believes it is not too late to buy stocks in Best Buy and Bed Bath & Beyond. Cramer said that the former’s digital transformation and technical membership program should be more successful, while the latter is another example of a turnaround story.
“They have all the technology you need for shopping and buying,” Kramer said of Bed Bath & Beyond. “But what they really have is what I like to call “Wonderful Ideas.” You can’t find this at Costco until recently. I think CEO Mark Tritton will continue to run Bed Bath for many years.”
“I’ve always been a fan of AGCO, but Diere’s conference call last week was [very] spectacular,” Kramer said. “I laughed at Cathie Wood, Best Money Manager of 2020, when she said she bought Deere for its technology-I owe her an apology. I apologize. She got it done. The technology Deere talked about is indeed revolutionary; it It will save farmers with billions of dollars in wages because everything is very autonomous. Dier is still worth buying.”
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