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
and auto giant
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
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."
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
will go higher.
Finally, Cramer noted that shares of
have fought back after a
analyst downgraded the stock.
"Goodbye to that analyst!" he said.
-- Reported by Andrea Tse in New York
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