Jim Cramer says he “runs with the bulls” and buys those winning shares

CNBC’s Jim Cramer on Wednesday offered investors a basket of stocks that he says can continue to be successful regardless of Federal Reserve policy.

“Forget about general issues. There are two things to keep in mind when choosing stocks right now: the industry and the company, which includes the people who run it,” he said. host of “Mad Money.”

The bottom line, Cramer said, is that investors have two options. The first is to listen to “Fed-obsessed experts,” he said. The second is to “forget about the money supply or the central bank and just run with the oxen. It’s not like they’re hard to find in this fabulous market.”

Cramer said he believes the entire chip industry is “in bullish market mode” and that several companies are doing well, such as NXP Semiconductors, Marvel Technology and Qualcomm.

“But I prefer AMD and Nvidia because they make amazing products and have fabulous leadership,” said Cramer, who noted that AMD, under the leadership of Lisa Su CEO, wants to complete an acquisition for Xilinx.

Similarly, Nvidia is trying to complete a deal with Arm Holdings, Cramer noted. If it removes the necessary regulatory hurdles, Cramer said Nvidia “will become the most important semiconductor company of our time.”

Many of the country’s top banks offer investors “the best deals” relative to the rest of the stock market, Cramer said. This is especially true when you consider that “they could be just a few months away from a new cycle of rate hikes,” Cramer said. Banks benefit from higher rates.

Cramer said his favorites right now are Morgan Stanley and Wells Fargo.

“Morgan Stanley is no longer a bank: it’s a wealth advisory service that goes into investment banking. That means it’s little banking. I like that,” Cramer said.

Wells Fargo, on the other hand, offers a “history of change” after years of scandal, Cramer said, adding that he believes CEO Charlie Scharf to continue to offer improvements.

“One day I hope Wells Fargo returns to the 50 year old [per share], where he was when all hell broke loose. Until then, you just have to follow the course, ”Cramer said.

Cramer said he believes it’s not too late to buy shares of Best Buy and Bed Bath & Beyond. The digital transformation and technology adhesion program of the former should allow for additional success, Cramer said, while the latter is one more example of a history of change.

“They have all the technology you need in terms of shopping and shopping,” Cramer said of Bed Bath & Beyond. “But what they really have is something I like to call ‘whimsical,’ which you could only find at Costco until recently. I think CEO Mark Tritton will take Bed Bath to a career of several years.”

Cramer said the “most unknown bull market” there is is agriculture.

“I’ve been a fan of AGCO for a long time, but the Deere conference call last week [was] magnificent, “Cramer said.” I made fun of Cathie Wood, the best money manager of 2020, when she said she was buying Deere for her technology; I apologize to him. Sorry. She nailed it. The technology Deere talked about is truly revolutionary; it will save farmers billions of dollars in wages because everything is pretty self-sufficient. Deere is still a purchase. “