• Subscribe
  • Log In
  • Home
  • Daily Diary
  • Asset Class
    • U.S. Equity
    • Fixed Income
    • Global Equity
    • Commodities
    • Currencies
  • Sector
    • Basic Materials
    • Consumer Discretionary
    • Consumer Staples
    • Energy
    • Financial Services
    • Healthcare
    • Industrials
    • Real Estate
    • Technology
    • Telecom Services
    • Transportation
    • Utilities
  • Latest
    • Articles
    • Video
    • Columnist Conversations
    • Best Ideas
    • Stock of the Day
  • Street Notes
  • Authors
    • Doug Kass
    • Bruce Kamich
    • Jim Cramer
    • Jim "Rev Shark" DePorre
    • Helene Meisler
    • Jonathan Heller
    • - See All -
  • Options
  • RMPIA
  • Switch Product
    • Action Alerts PLUS
    • Quant Ratings
    • Real Money
    • Real Money Pro
    • Retirement
    • Stocks Under $10
    • TheStreet
    • Top Stocks
    • Trifecta Stocks
  1. Home
  2. / Investing
  3. / Stocks

A Bright and Sunny Day

The market's busting out.
By JIM CRAMER
May 08, 2015 | 01:05 PM EDT
Stocks quotes in this article: CYBR, DATA, MCD

Today shows you what happens when everything goes right. As I said in last week's game plan on Mad Money, if you get a monthly employment report that delivers just enough job growth without inflation, you could have a spectacular thread-the-needle rally, and that's just what we got.

It didn't hurt that we got the now fabled bullish combination of strong earnings from some key technology companies, notably cyber-security ace Cyberark Software (CYBR) and data-mining king Tableau Software (DATA), the latter with a spectacular number that's got the stock breaking out and taking the whole sector with it. Plus, calm oil, a boring dollar and lower interest rates are pure tinder for this monster move.

You've got some huge takeaways from what happened today.

First, this market zooms when you least expect it, when pessimism reigns from stern to bow. I can't tell you how many funds I know came into today's session short or underinvested because either the charts supported a total breakdown or they feared that the dollar would rally once again and that this market could not handle a stronger dollar anymore and still go higher. 

Second, interest rates, which had been going up and up and up, may have seen their peak for 2015. Why not? There's no real inflation. Our rates are much higher than Europe's, and that makes no sense if Europe is beginning to grow and we are slowing as all reports seem to indicate.  

Third, if Europe is as strong as I think it is, you are going to see some American companies do much better in their European operations. Right on schedule McDonald's (MCD) this morning announced its first positive surprise in Europe. Remember, people spend more money when they go to a restaurant when they feel wealthier. We have heard that time and again. McDonald's new CEO, Steve Easterbrook, may be the luckiest guy on the planet, and it is better to be lucky than good.

Finally, as I tell you endlessly, you need to buy stocks of companies you like at discounts the market gives you, especially ones created by those who truly did believe this market was on its last legs. Earlier this week, when traders were flipping out over the dollar, bonds, oil, the euro, and comments from Fed Chief Janet Yellen that stocks are dangerously overstretched, you needed to do some buying. It is why we stress buying at your price, not the inflated price. When everything went right today, it was, sadly, too late. You don't get a chance to buy after we get good news. You have to buy when others are freaking out.

Oh, and can I just say that Janet Yellen is now 0-for-2 on stocks? Perhaps it's just better to recognize that she is in the American League and she can pitch, but we will get a designated hitter -- maybe Hall of Famer Warren Buffett -- to do the batting.

Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.

Actions Alert PLUS, which Cramer co-manages as a charitable trust, has no positions in the stocks mentioned.

TAGS: Investing | U.S. Equity | Stocks

More from Stocks

The Indexes Hide the Rumbling Underneath

James "Rev Shark" DePorre
Jan 25, 2021 5:02 PM EST

As the market appeared ho-hum on the surface, much was shaking underneath and traders got a jolt.

Now Viewing: AMC Trade

Mark Sebastian
Jan 25, 2021 3:49 PM EST

Here's a play in AMC amid its Monday move.

Jim Cramer: This Is a Market of Stocks, Not a Stock Market

Jim Cramer
Jan 25, 2021 3:22 PM EST

With few exceptions, there isn't a stock that could bring down this market.

The Most Notable Action Right Now Is Some Huge Short Squeezes

James "Rev Shark" DePorre
Jan 25, 2021 12:26 PM EST

Increased volatility is a warning sign, but it's very likely that we will see quite a bit of it before the big turn finally does occur.

AMC Is a Real Showstopper

Timothy Collins
Jan 25, 2021 11:50 AM EST

Let's look at how to play the frothy action on AMC Entertainment holdings.

Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation. If you have questions, please contact us here.

Email

CANCEL
SUBMIT

Email sent

Thank you, your email to has been sent successfully.

DONE

Oops!

We're sorry. There was a problem trying to send your email to .
Please contact customer support to let us know.

DONE

Please Join or Log In to Email Our Authors.

Email Real Money's Wall Street Pros for further analysis and insight

Already a Subscriber? Login

Columnist Conversation

  • 09:52 AM EST GARY BERMAN

    INDU/DIA 20 DMA

    Fibocall: The DIA has the 20 DMA @ 307.81 and w...
  • 08:04 AM EST GARY BERMAN

    Monday Morning Fibocall for 1/25/2021

    SPX (Long-Term View) The 1/21/21 NEW high @ 3861...
  • 11:01 AM EST JAMES "REV SHARK" DEPORRE

    This Weekend on Real Money

    I discuss price targets in my Saturday column.
  • See More

COLUMNIST TWEETS

  • A Twitter List by realmoney
About Privacy Terms of Use

© 1996-2021 TheStreet, Inc., 225 Liberty Street, 27th Floor, New York, NY 10281

Need Help? Contact Customer Service

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data & Company fundamental data provided by FactSet. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by FactSet Digital Solutions Group.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

FactSet calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.

Compare Brokers

Please Join or Log In to manage and receive alerts.

Follow Real Money's Wall Street Pros to receive real-time investing alerts

Already a Subscriber? Login