Finally, the specter of health-care reform has been driven from the market. Like it or not, President Obama on Tuesday will sign his much-anticipated bill into law, and that certainty should help Wall Street find some stable ground. Then question then is, what’s next?
- Cramer’s 5 Obama-Proof Dividend Plays
Cramer on Monday said that buying after a “big bad event” like the health-care vote is an incredibly bullish move, especially as we move into what he thinks will be a strong earnings season. And because the bill’s benefits kick in this year while its proposed taxes won’t hit until 2011, investors have a great window of opportunity in which to buy stocks.
The places to look for the best companies, Cramer said, is in any of the bull markets taking place right now. The earnings estimates are too low in these industries, and he expects the big money to flow into them now that Obamacare is pretty much behind us.
That means the mobile Internet and its major players: Apple , Broadcom , Marvell Tech , Qualcomm and others. Companies that make the Internet faster – JDS Uniphase , Cisco Systems and Ciena – also work right here. In aerospace, Cramer likes Boeing and Honeywell International . And among the autos, he endorsed Johnson Controls and Lear .