Jim Cramer says the market's rally is a peek into what stocks are worth buying

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As tensions between the U.S. and Iran cooled, CNBC’s Jim Cramer said Wednesday’s massive rally revealed which stocks investors should be buying as conditions stabilize and which to avoid.

“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.

“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.