The Lightning Round segment of Mad Money is a viewer favorite. One caller Tuesday night asked Jim Cramer about NCR Corp. (NCR) : "It's making a comeback. I think there's a lot of value there," said Cramer.
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Many stocks with nosebleed valuations shot higher in response to Fed policy becoming more hawkish, while many quality cheaper names sold off.
The Fed backs off on claims that inflation is transitory and sets the stage for future rate hikes.