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As tensions between the U.S. and Iran cooled,\u00a0CNBC’s Jim Cramer said Wednesday’s massive rally revealed which stocks investors should be buying as conditions stabilize and which to avoid.<\/p>\n
“When you go through these lists of the best and worst performers, you can see what’s worth owning when things calm down and what’s untouchable,” Cramer said on “Mad Money” Wednesday. <\/p>\n
“When the market gets hammered again, you know what the professional money managers will reach for. It’s a great way to figure out what can take you higher and what’s just a plain old dead end,” he added. <\/p>\n
Cramer’s commentary came after stocks soared on the news that President Donald Trump<\/a> announced the suspension of U.S. attacks on Iran for two weeks. The pause signals some relief in a five-week conflict that led to Iran closing the Strait of Hormuz, which is a critical waterway for global energy supplies. To be sure, Cramer said questions still remain about the durability of the ceasefire and all of the details that need to be ironed out in a longer-term agreement. <\/p>\n Nevertheless, The Dow Jones Industrial Average rose 2.85%%, while the S&P 500 gained 2.51% and the Nasdaq jumped 2.8%. West Texas Intermediate crude fell over 16% to $94.41 per barrel, while Brent crude for June delivery dropped roughly 13% to $94.75 per barrel. <\/p>\n Among the Dow’s biggest winners during Wednesday’s rally were Sherwin-Williams<\/a>