Cramer's 'Mad Money' Recap: Mineral and Metal Deposits

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Today the bulls got what they were looking for, Jim Cramer told viewers of his "Mad Money" TV show Wednesday. "The Fed blinked" and took out the line in its statement about "additional firming," suggesting that we are headed for an interest-rate cut rather than a raise.

Getting rid of the "bad language" is what lifted the Dow and caused the market to rally, Cramer said.

The market often bottoms in thirds, and it's been doing so recently. The first third to bottom was the defensive stocks, followed by the financials. Now the final third is bottoming, and that is the minerals, he said.

The Fed has not changed rates yet, but a transition is occurring here, which means "the crisis, our short national nightmare, is over," Cramer said.

Cramer deemed the following stocks all good to buy now: Boeing (BA Quote), United Technologies (UTX Quote), Deere (DE Quote), Ingersoll-Rand (IR Quote), Freeport-McMoRan (FCX Quote) and Caterpillar (CAT Quote), the last of which Cramer owns for his Action Alerts PLUS charitable trust.

Haynes, Your Way to Play Metals

Cramer also offered viewers another name -- Haynes International (HAYN Quote). On Tuesday, this company brought a secondary offering to the market in an effort to improve its balance sheet, Cramer said.

Haynes is the cheapest stock in a sector that is "red hot," the performance metals business, he said. "The demand for its product is only exceeded by demand for its stock."

Analysts are looking for a new name in this sector and Haynes is it, Cramer said. It is a buy.

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