The economy is well on its way to recovering, said Jim Cramer of CNBC’s Mad Money.
“This darned economy is not only about to boom. I think it’s booming right now.”
His contrarian view is backed up from positive news reported by Ford Motor and Boeing.
The stocks of both companies recently reached 52-week highs.
Ford has experienced the best financial recovery since Boeing, said Cramer.
Ford reported a 42% increase in December sales and a total vehicle increase of 33%.
He is a fan of the auto company’s common stick and preferred shares.
Boeing is growing since it is receiving many new orders, Cramer said.
Consumer spending is also doing well, so the economy should rebound nicely, he predicts.
Cramer said economy will recover soon and “shock to the upside.”
“You want to participate in the great rebound?” Cramer asked viewers.
He advises that investors “bet on the best we have,” meaning Boeing and Ford.
Experts are also touting a recovery is in store for commodities, Dow Jones reported.
"As long as we don't get a big uptick in inflation, I think tightening by the U.S. Federal Reserve, stronger economic growth and rising equity markets will still be a pretty positive environment for a lot of commodities this year," said Michael Lewis of Deutsche Bank.
“Commodities perform well in a weak-dollar environment, but they can still extract positive returns when the dollar is strengthening. So it's not a sufficient condition that just because the dollar is strengthening, commodity prices are going to have a problem.”
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