Cramer: Boeing, Nike, Apple, other stocks illustrate the resiliency of this stock market

CNBC's Jim Cramer on Tuesday said the market has fooled the bears as stocks continue to power through adversity.

Boeing has had its share of negative news coverage in the wake of a second crash involving its top-selling 737 Max plane. Still, the stock is up more than 18% in 2019. Apple's stock has nearly reached $200 again after widespread selling, Cramer noted. Shares bottomed at $142 in early January after the iPhone maker preannounced that sales would be weak. The host said the recovery wasn't powered by any news that confirmed sales improved or that the United States has settled trade issues with China."And with today's announcement of a truce with Qualcomm, my biggest worry had been that Apple would be late with 5G.

"They've come on strong in Europe and I am betting the U.S. will rebound this quarter," Cramer said."So Nike definitively deserves the benefit of the doubt, but it's still kind of amazing … The stock's getting it, although it was a delayed reaction." "In fact, the stock's saying that Caterpillar will report a good quarter next week. Of course, stocks turn out to be wrong all the time, but I think CAT is worth owning," Cramer said.

"If you were waiting for the company to give you some sort of all-clear, which many of you are, well I think you'll get it when they report again because it's lawn and garden season. But you have waited too long," Cramer said."Maybe next time give management the benefit of the doubt."

Which means they’ll soon tank, given his record.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks making the biggest moves premarket: JP Morgan, Apple, Disney, Boeing, Tesla & moreSome of the names on the move ahead of the open. Its context
Source: CNBC - 🏆 12. / 72 Read more »

Cramer Remix: Another pullback could push the market to keep rallyingJim Cramer advises investors not to panic after Tuesday's dip, citing a down day could lead to big rallies for companies ahead of earnings season. More BSing people, huh? I’d have to say this guy is definitely getting paid by the market makers. If the market does not pull back....the rich can't make big money.....
Source: CNBC - 🏆 12. / 72 Read more »

Cramer: We don't need to like the bankers, just their earningsJim Cramer breaks down Wednesday's banking hearing on Capitol Hill and explains what he's looking for when the first banks report earnings Friday. It's ALL About MONEY. How Human LOL! It would be great if RepMaxineWaters could be on MadMoneyOnCNBC with jimcramer After today I can't imagine any banker wanting to be a Democrat.
Source: CNBC - 🏆 12. / 72 Read more »