The stock market's recent resilience is creating a very favorable environment for investors, Jim Cramer said Thursday after stocks held their gains despite negative action in parts of the market.
"Make no mistake: a market that can rally even when two signature leadership groups, the retailers and the airlines, get slammed? Well, that's some kind of bull," he told investors.
Stocks initially fell in Thursday's trading session following a plunge in shares of Macy's, which reported weaker-than-expected holiday sales results. American Airlines added to the pain after it cut its guidance, citing lower fares.
Both stocks' declines dragged their respective sectors lower and raised questions on Wall Street about how weak the economy really is, Cramer said on "Mad Money."
Source: CNBC
Read more:
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.