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NEW YORK (
TheStreet) -- The calvary will be coming... eventually, Jim Cramer assured his
"Mad Money" viewers Thursday.
Cramer said investors might not know when, or at what price, the bottom will be at hand but it will happen.
That's why investors need to remember their history -- there are sectors of the economy that do well when interest rates are on the rise, and those stocks can help your portfolio if you let them. So while the REITs and MLPs are getting crushed along with just about everything that has high yield including the drugs and utilities, other sectors like the financials, industrials and tech stocks are all getting ready to roar.
Cramer said investors won't be helped by a stock that makes 3% in dividends but loses 15% in principal, which is why investing in the sectors that prosper during boom times is the way to go. The Fed is easing its bond buying because things are going well, Cramer reminded viewers, and that means industries will be building more factories and banks will be financing them and tech companies will be putting a ton of new hardware and software into them.
PPG(PPG) will soon be unstoppable, said Cramer, as will special growth stories like
Restoration Hardware(RH) and
MasterCard(MA). In the banking group, Cramer said all of the regional banks also remain very attractive.
So while the market, still just off its highs, will continue to be in the blast zone for the next few days, the banks, techs and industrials may be ripe for the picking starting tomorrow.
How to Love Regional Banks
The regional banks have been among the most hated stocks for a long, long time, Cramer told viewers, but now that the economy is getting a little better, it's time to step up once the dust settles and put some money to work.
Cramer said the regional banks are the bedrock of their local economies, which is why stocks such as
Huntington Bancshares(HBAN - Get Report),
BB&T(BBT - Get Report) and
First Horizon(FHN - Get Report) all barely dipped despite today's horrible market action.