While most investors are bracing for the Federal Reserve meeting on Wednesday, Jim Cramer is already one step ahead, thinking of which companies could rally once the big, bad meeting is over.
"This is my big, bad event theory, where once an event transpires, even if the outcome is suboptimal, money from the sidelines starts to come back in as investors who were waiting for an event to happen feel safe to start buying again," the "Mad Money" host said.
The key to a Fed meeting, Cramer said, is to remember that while everyone else is worried about the big event, investors need to be prepared for what happens afterwards. That means knowing what stocks will go up once the event ends.
Buyers coming in from the sidelines could be discouraged by the election or a hawkish statement. That could translate to more muted buying than usual. Either way, Cramer still looked for the perfect post-Fed play.
"I think buyers should be looking for who has growth, and stock with that thesis no matter what," Cramer said.