Actually, the Fed “fallout” wasn’t the crisis many expected. For years, the prophets of doom on Wall Street were terrified of that fateful day the Fed would cease its bond buying. They predicted soaring interest rates, the slaughter of stocks in favor of bonds, particularly higher-yielding dividend stocks. Stocks swooned last year on any news of tapering from the Fed, but on Wednesday’s meeting, the Dow was actually up over 200 points.
It is still a good idea to stick with best-of-breed stocks, particularly those in sectors that provide defense, given the geopolitical issues that can affect the economy. Cramer likes Apple as an old stand by and biotechs like Celgene, Regeneron, Biogen Idec and Gilead. He also recommends healthy eating plays, Hain Celestial and WhiteWave.
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