Stop Trading!: Buy Brazil
After Tuesday afternoon’s Fed decision, where the central bank held rates steady, Cramer is decidedly more bullish.
On his regular Stop Trading! appearance, Cramer agreed with mutual fund manager Ken Heebner that the best way to play the Fed decision is to think globally. Enough with the ethnocentrism, Cramer said. The world economy no longer revolves around the U.S., but that doesn’t mean you can’t profit.
Brazil is the most stable nation with the best growth, in Cramer’s view. He said he’d be focused on buying a Brazilian stock like Petrobras .
Also, Cramer said he’s beginning to understand why the Fed seems to think the consumer is strengthening. Just look at a casual dining stock like Darden , which reported a surprising number for its last quarter, signaling perhaps that Americans are willing to going out to eat, gas prices be damned.
With that said, Cramer would still stay far away from retailers. The consumer’s not entirely out of the woods.
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