Wal-Mart CEO Bill Simon on Thursday told the USA Today he expects inflation, so investors bought gold .
As Japan seeks to rebuild its country torn apart by natural disasters, Cramer said investors bought the raw materials and goods needed for the job, like aluminum, wood and construction machinery companies, like Caterpillar , Fluor , Cummins , Manitowoc and Weyerhaeuser .
Given the global demand for minerals, Cramer noted investors bought miners BHP Billiton , Freeport-McMoRan , Vale and Rio Tinto .
Meanwhile, energy prices are increasing. So investors are buying companies that help control those costs, like Honeywell International . The Morristown, N.J.-based company makes high-tech thermostats and heating controls, Cramer said. They are also buying shares of Eaton and Emerson Electric .
Finally, the unrest in the Middle East and North Africa has left oil in short supply. With the price of oil climbing, investors are buying oil drilling and oil service stocks, like Schlumberger , Halliburton , Baker Hughes and Weatherford .
"Usually when an idea is so glaringly obvious, it's hard to make any money off it," Cramer said. "That's how the market's supposed to operate; if there's some observation that's practically indisputable, then it's probably already baked into the prices of stocks and there's no money left to be made. But in this market, there was and is enough skepticism out there that these stocks can keep going up."
Cramer said people assume that because the U.S. economy is down, stocks should be, too. The bears are concentrating on negative, objective macroeconomic data and ignoring the facts. Being as these trades worked for investors in the first quarter, Cramer thinks they'll continue to be profitable in the second quarter, especially if the U.S. economy gains strength.
When this story was published, Cramer's charitable trust owned Caterpillar, Cummins, Deere, Fluor and Vale.
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