Jim Cramer says to use Wednesday’s rally to reposition into profitable stocks

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Get out of the stocks I've been railing against for a full year," he said, adding, "Get into the stocks of companies that make things and do stuff at a profit and return some of that to you."
Stocks rose on Wednesday after Federal Reserve Chair Jerome Powell signaled that the central bank will ease back its brisk pace of interest rate increases as soon as December, though he maintained there's still a way to go before prices stabilize.
In other words, investors should still exercise caution and avoid companies that are on the path to continue hemorrhaging cash.
If your company doesn't return capital because it doesn't have any capital to return, that's not where you want to be," he said.