NEW YORK (
) -- Jim Cramer praised
Chairman Ben Bernanke during his
segment on CNBC Thursday.
On Wednesday, the Fed decided to hold interest rates at a record low in its ongoing bid to help ease unemployment.
"The great thing about Bernanke is he doesn't make a statement and then dig his heels in it," Cramer said. "I respect the man. He has done remarkable work. He didn't let a depression happen and won't let us slip back into it."
Cramer is calling for a worldwide recovery in 2010 and is looking to commodities stocks like
, which aren't deeply levered to the health of the U.S. economy. "I don't have as much confidence in our economy as other countries'," he said.
Cramer owns Marathon in his Action Alerts PLUS charity portfolio.
"If only we had a giant catalyst like Brazil has," he continued.
is facing an antitrust lawsuit from the Federal Trade Commission, which alleges that the chipmaker has shut rivals out of the market with unfair pricing and other strongarm tactics.
"This is like the 10th Intel investigation I have lived through," Cramer says. "I don't care."
This lawsuit comes shortly after a $1.25 billion settlement with rival
Advanced Micro Devices
over similar claims.
Cramer said the FTC is wasting its time. "It seems the FTC is very out of sync with business," he said. "They are looking very retrospectively."
as a possible winner in light of the investigation, despite
claiming the stock will fall relative to the industry over the next 60 days.
A November uptick in home construction and mortgage-application volume sent homebuilder stocks rallying Wednesday. But Cramer wasn't optimistic.
"Every time we get a lift in homebuilders I want to sell them," Cramer said. "These are not good stocks."
If you want to buy a stock that
a homeowner, Cramer suggested looking into
Bank of America
, a stock held by his Action Alerts PLUS charity. (Bank of America, of course, the biggest consumer lender in the land, has lots and lots -- literally -- of foreclosed houses on its books.)
Reported by Jeanine Poggi in New York.
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