NEW YORK (
) -- On his
segment on CNBC Wednesday, Jim Cramer said that once the Fed finishes buying mortgage-backed securities, interest rates are going to rise rapidly.
"If you have long-term gains in the muni portfolio, you should take them off the table right now," Cramer said.
Looking at auto stocks, Cramer said that he still loves
"It's the love affair between me and a better America," Cramer said. "I think the Mustang is really cool."
Cramer said he is also impressed with the auto-suppliers.
"I think the
by Wells Fargo is significant."
Cramer also recommends looking at
. Cramer believes that portfolio managers will want a greater hand in auto supplier stocks.
During the segment, the topic of
and its upgrade of its 3G towers led Cramer to recommend communications infrastructures stocks
, with regard to their annuity streams.
-- Reported by Andrea Tse in New York
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