Cramer said he's comforted by signs of inflation, which indicate that some companies will prosper.
Chairman Ben Bernanke's efforts to weaken the U.S. dollar in order to re-inflate the economy should especially benefit companies that do most of their business overseas.
Cramer also recommended
, which he owns for his charitable trust,
Action Alerts PLUS, as weak-dollar plays.
On Monday, Heinz closed up $1.50, or 4.5%, at $34.58; McDonald's closed up $1.96, or 3.7%, at $55.16; and Coca-Cola traded up $1.50, or 3.5%, to close at $44.14. Eldorado was up 38 cents, or 4.7%, at $8.55; and BP closed up $2.50, or 6.4%, at $41.90.
, he was bullish on
, which closed up 76 cents, or 8.9%, at $9.28 on Monday; and
, which rose 96 cents, or 5%, to a Monday close of $20.26.
He was bearish on
Dr Pepper Snapple
. DPS rose 27 cents, or 1.8%, to close at $15.40 on Monday, and Hershey was up $1.29, or 3.7%, at $36.22. He was also bearish on
, even though he said it was one of his favorite financials. On Monday, TCF closed up $1.56, or 13.5%, at $13.15.
At the time of publication, Cramer was long BP.
Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, 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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