The Fed's dovish meeting is providing a favorable wind for the stocks mentioned by Cramer.

• On Wednesday, the Fed's dovish meeting provided a tailwind for many struggling stocks, while six of the Magnificent Seven stocks were down or even.
• Cramer highlighted Caterpillar and Ford as companies that are likely to experience growth.

On Wednesday, the Federal Reserve meeting resulted in some stocks gaining, as highlighted by CNBC's Jim Cramer. However, none of these stocks were part of the Magnificent Seven that have defied the downward market trend, excluding Tesla.

"The Fed's actions yesterday at 2:00 p.m. resulted in a new group of winners, who had previously been considered losers, due to their requirement for lower interest rates to thrive," Cramer stated during the Thursday show.

Cramer stated that construction equipment manufacturers and automakers are well-positioned to benefit from the conclusion of rate hikes and the Fed's hints of rate cuts in 2024.

Caterpillar has been criticized by Wall Street for having too many reserves during the recent high-interest economy. Nevertheless, Cramer believes that these same reserves will enable Caterpillar to handle increased building demand that usually occurs with lower rates in 2024.

Despite labor costs, electric vehicle competition, and high auto loan rates, Ford's 5% dividend and the Fed's easier monetary policy make it an attractive stock.

On Wednesday, the Fed's calming monetary message allowed for a broader range of businesses to go on a run, resulting in a shift in where investors were placing their money in the stock market.

If interest rates decrease, the companies will not be affected, but their stocks will, as there are numerous sectors of the economy that thrive with lower rates. The funds will move from the "Magnificent Seven" to other stocks, as observed yesterday and today.

The Magnificent Seven, consisting of , , , , , and , all had an even number of days. However, was the outlier with a nearly 5% increase.

According to Cramer, Elon Musk expressed concern during the last conference call about how higher interest rates were slowing down car purchases. However, with Jay Powell ending his historic tightening cycle yesterday, interest rates are now going down again. This news has alleviated Tesla's biggest worry, as Cramer stated.

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