Near the top of Tuesday's Mad Money program, Jim Cramer told viewers about playing a game he called, "Mercy or No Mercy." Cramer said shares of Kroger Co. (KR) had been left for dead earlier this year as investors fled from the grocery stocks. But Tuesday, KR shares soared 11% after the company told analysts it's forecasting between $2.30 and $2.40 a share in earnings for the year, well beyond the $2.19 they had originally forecast.
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This is still a market that needs a good excuse for a correction -- even after getting one on headlines of a new mysterious virus spreading from China.
If you went long CRWD when we last covered the stock in early January you are doing well.
But I still see one area of stocks that should outperform.
Barring a negative surprise I would look for higher highs to be established in the days and weeks ahead.