Jim Cramer on stocks to buy on trade deal: 'FedEx can make a comeback'

CNBC’s Jim Cramer on Wednesday laid out a list of stocks that can ride off into the sunset after the United States and China finally settled on a trade deal, which could be the first in a series of agreements.

As part of the initial compromise to quell a nearly two-year-long trade war, the Chinese showed willingness to open its market to more American businesses and buy an additional $200 billion worth of U.S. products in the next two years.

“If the stocks of any of these companies with new access to China get hit, I think you need to be a buyer into weakness,” the “Mad Money” host said. “I’m just hoping the market’s general sense of ennui gives you that opportunity.”

Wall Street again rose to new highs as the trade deal signing and earnings reports of the day unfolded. The Nasdaq Composite, however, was the only one of the three major indexes to fall short of a record close.

The meat of the agreement includes language to install intellectual property protections, prevent forced technology transfers, authorize more purchases of manufacturing, energy and agricultural products, and open access for financial services firms.

Financial and tech companies are some of the beneficiaries on Cramer’s shopping list. He named Mastercard, Visa, J.P. Morgan, Goldman Sachs and Apple, which launched its own Goldman Sachs-backed credit card in 2019, as winners.

“The whole credit card industry has been praying to get into China to no avail, until now,” Cramer said. “Numbers could go up gigantically, which means the group likely has more room to run.”

The transportation sector is another bright spot in the market. The SPDR S&P Transportation ETF, which tracks transport stocks, made its highest close since June 2018 and is within $3 of its all-time trading high, according

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