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Cramer praised the potential FDIC-Treasury plan to back as much as $600 billion in home mortgages to help keep upwards of 3 million owners free from foreclosure.

Not only is the plan good for the American homeowner, but home-related retailers would also welcome such a deal.

“That’s the first genuine good news for a cohort that has been the absolute worst,” Cramer said during Thursday’s Stop Trading!.

Lowe’s [LOW  Loading...      ()   ], Home Depot [HD  Loading...      ()   ], Black & Decker [BDK  Loading...      ()   ] and Fortune Brands [FO  Loading...      ()   ] would all benefit if a deal is reached.

Elsewhere in the market, there seems to be a reversal of a time-tested stock thesis, one that said Avon [AVP  Loading...      ()   ] does well during a downturn but Colgate-Palmolive [CL  Loading...      ()   ] does not. The common wisdom is that consumers trade down from CL products to save money, while Avon’s staff increases as people search for second jobs to supplement their incomes. That may have been true in the past, but right now CL is the stock that’s up and not Avon. In fact, Cramer said, even with a 4% yield, he wouldn’t recommend AVP right now.

Lastly, in infrastructure, a sector that’s been “just decimated by hedge funds,” Cramer said, he hasn’t seen any project cancellations or reduced orders. So such a severe decline in these stocks is probably unwarranted. Joy Global [JOYG  Loading...      ()   ], Foster Wheeler [FWLT  Loading...      ()   ] and AECOM Technology [ACM  Loading...      ()   ] are all still good companies.

Watch Mad Money Thursday night for Cramer’s interview with Agnico-Eagle Mines [AEM  Loading...      ()   ] CEO Sean Boyd.

“Everybody hates gold,” Cramer said. “Maybe it’s time.”






Jim's charitable trust owns Foster Wheeler.

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