'If you think the Fed will stop bringing the pain at some point in 2023, then … these names could become tremendous performers,' Cramer said.
The company's yearslong pivot into the asset management business will pay off in the long term, Cramer predicted. While its asset management business does take a hit when the stock market goes down, since lower stock prices mean lower assets, it's still steadier than any business related to capital markets, he added.
Cramer said the company has struggled this year because its biggest business involves rating bonds, and bond issuance took a hit this year due to the Fed's interest rate hikes and ensuing market volatility. However, its stock could stage a major comeback if the Fed stops tightening the economy in 2023, he said.Jim Cramer's Guide to Investing
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