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NEW YORK (
TheStreet continued its
TheStreetMONSTER investment conference with a bang today, starting with Jim Cramer talking about the Federal Reserve and quantitative easing, and how it affects the individual investors.
Cramer noted that the Fed's discussion of "stimulus on, stimulus off" has become the topic
du jour, and investors were hurt by the recent rise in interest rates, with bond-like investments, including utilities, REITs and other high-yielding investments seeing damage with the rise in interest rates.
Housing related stocks led for months, and now that scenario has shifted, with the price action changing recently. Cramer believes that housing as a theme is not finished for 2013, specifically mentioning
Home Depot(HD) as a name he still likes. If the 10-year U.S. Treasury goes to 1.8%, housing related names could see a boost, Cramer said during the presentation.
In the second half of the year, we're going to want higher-growth stocks, according to Cramer, citing names like
HP(HPQ - Get Report), which have seen multiple downgrades recently. However, Cramer noted these names could be the big winners for the second-quarter, especially in an environment where macro economics is the topic du jour.
TheStreet founder and host of
CNBC'sMad Money pointed to the turnaround work being done by HP CEO Meg Whitman: "I was blown away by the transformation of the balance sheet."
Cramer also mentioned names such as
Western Digital (WDC) and
Microsoft(MSFT - Get Report) which could also benefit in the second-quarter, as well as
Intel(INTC - Get Report), due to the overblown concerns about the death in the PC.
"This is a revenge of the low-multiple nerds against the smartphone," Cramer said. "I think this entire rally we've seen this year, is in left-for-dead stocks," mentioning such names as
First Solar(FSLR) and
Boston Scientific(BSX), seeing sharp increases year-to-date.
Cramer also said that he likes the oil & gas sectors, mentioning
EOG(EOG), the airlines (
US Airways(LCC)), and the "Gatsby" stocks, including
Ralph Lauren(RL - Get Report),
Michael Kors(KORS - Get Report) and other high-end consumer discretionary names.
Written by Chris Ciaccia in New York