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- This Rally Is Sustainable according to Jim Cramer.
This Rally Is Sustainable according to Jim Cramer.
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Loading...There are a lot of positive things happening in the stock market outside of Donald Trump, Jim Cramer told his Mad Money viewers Tuesday, and that means this rally may be here to stay.
Cramer outlined a number of his favorite things -- things that keep him bullish on the outlook for stocks. The first of this is housing. Despite rising mortgage rates, home builder D.R. Horton delivered a gigantic earnings beat, sending shares up a quick 6.6%.
Rising interest rates are a good things for banks like Citigroup , Cramer said. Rising commodity prices, including oil and copper, are lifting stocks like Freeport-McMoRan.
Finally, Cramer called out tech as another of his favorite things, with stocks like IBM transitioning into consulting, while Micron Technology and Western Digital gain momentum.
Off The Charts:
Before the election, the link between the price of crude and the S&P 500 was unbreakable. Post-election however, the markets have been able to trade independently, leaving oil to its own devices. According to seasonal patterns, oil typically hits the highs for the year between April and October, making December.
With the technicals not providing any clear signals, Cramer said he'd stick with pipeline stocks, like Magellan Midstream Partners.
We also want American companies to be able to sell their products competitively overseas.
Cramer said Trump's recent meeting with automakers could have a lot of positives. It could bring more manufacturing back to the U.S. and spur job growth
Executive Decision:
For his "Executive Decision" segment, Cramer spoke with Mick Farrell, CEO of ResMed , the medical device maker. The medical community is beginning to recognize the value in keeping patients happy and healthy in their homes and out of hospitals and urgent care, Farrell said. ResMed is also making powerful partnerships, such as with celebrity physician Dr. Mehmet Oz.
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