Cramer's Stop Trading!: Ford, CSX

On his Stop Trading! segment on CNBC Wednesday, Jim Cramer expressed confidence that the U.S. economy has taken a turn for the better.

Author:
Andrea Tse
Publish date:
Apr 14, 2010 4:17 PM EDT

NEW YORK (TheStreet) -- On his Stop Trading! segment on CNBC Wednesday, Jim Cramer expressed confidence that the U.S. economy has taken a turn for the better.

"I believe in the turn," Cramer said with conviction.

He was more optimistic about growth in the U.S. than anywhere else in the world, noting that China has instituted more fiscal controls on its economy, "Europe is spinning out of control," and "Colombia and Brazil have had too big of a run."

Furthermore, he called the inflation figure published on Wednesday a "thing of beauty," crediting Fed chairman Ben Bernanke with doing a great job keeping the U.S. economic engine from shutting down. "I think the rates can start going up," Cramer said.

Two stocks that Cramer couldn't seem to resist talking about Wednesday were railroad company

CSX

(CSX) - Get CSX Corporation Report

and auto giant

Ford

(F) - Get Ford Motor Company Report

Cramer sees a very good future for Ford, as its rival Toyota continues to wrestle with quality-control problems. "Give me a Ford," Cramer said.

As for CSX, Cramer likes that coal miner

Walter Energy

(WLT)

uses the railroad company to ship its products. Cramer believes that metallurgical coal, which makes up a big portion of Walter's sales, "is smoking."

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easily exceeded expectations with its first-quarter earnings Tuesday. The results were so good, Cramer noted, that Intel executives made sure to trumpet them, despite normally being "self-effacing guys." "This is a company that rarely says. 'We are doing well,'" Cramer said.

Cramer thinks shares of companies like Intel, CSX, and

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will go higher.

Finally, Cramer noted that shares of

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have fought back after a

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analyst downgraded the stock.

"Goodbye to that analyst!" he said.

-- Reported by Andrea Tse in New York