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Interest rates are headed higher but that won't hurt certain well-run investment banks, Jim Cramer said on


"Stop Trading!" segment Friday.

"Rates are obviously going higher -- what's the


going to do? We have a runaway economy," Cramer said. Friday's employment report showing a 211,000-job addition to payrolls was bad news, Cramer said. "The perception that it was Goldilocks was, frankly, stupid."

Still, companies like

Goldman Sachs

(GS) - Get Free Report


Bear Stearns





should be OK. "The financials I like are totally in control. I believe they are making a fairly large bet that rates are going higher," Cramer said.

Cramer also said


(JNPR) - Get Free Report

should follow


(CSCO) - Get Free Report

higher. The stock "is so hated you almost have to feel like they're doing something wrong, but they're not."

Cramer said

National Oilwell

(NOV) - Get Free Report

is another solid stock in a hated sector. As for

Research in Motion


, the stock is "done" after management said business looks slow in the near term.

Cramer praised


(ABB) - Get Free Report

, which he called "an infrastructure play that people want to get behind."

At the time of publication, Cramer owned ABB in a charitable trust.

Jim Cramer is a director and co-founder of He contributes daily market commentary for's sites and serves as an adviser to the company's CEO. Outside contributing columnists for and, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for

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