On Tuesday, President Trump said the United States will withdraw from the Iran nuclear deal.

Ian Winer, co-head of equities at Wedbush Securities, said the oil price declines from the decision are good for stocks, inflation fears and the consumer.

As for defense stocks, he's bullish on the sector amid the increase in U.S. spending on defense.

For exclusive investing insight from Jim Cramer, get 24/7 access to Jim's charitable trust portfolio with a free trial to Action Alerts PLUS!

 

 

More from Video

A Guide to Investing in the Fast-Emerging Cannabis Industry

A Guide to Investing in the Fast-Emerging Cannabis Industry

Canadian Pot Legalization Could Be A Fresh Tailwind for Cannabis Stocks

Canadian Pot Legalization Could Be A Fresh Tailwind for Cannabis Stocks

Striking Options: Earnings, Gold, & Nasdaq

Striking Options: Earnings, Gold, & Nasdaq

This Market is Comparable to Getting Into a 'Fist Fight'

This Market is Comparable to Getting Into a 'Fist Fight'

3 Things Investors Can Do to Stay Strategic When the Market's Volatile

3 Things Investors Can Do to Stay Strategic When the Market's Volatile