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FAANG emerges as the latest group to lead the market, Jim Cramer says

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'This market's been going through leadership groups like there's no tomorrow,' the 'Mad Money' host said.

Shares of Amazon and Facebook set new highs. Facebook popped more than 6% to close at $229.97, its first record close since late January. Amazon jumped almost 2% to $2,497.94, topping its record close at the end of April., an online shopping feature that will work on the Facebook and Instagram platforms. Morgan Stanley analysts suggested the program, which could amount to a multibillion-dollar venture, could help the company compete with Amazon and Google.

"I think this is the future of small business: lots of sole proprietors making things work over the web ... and apparently Facebook agrees," Cramer said. "And while I've been lukewarm on some of Facebook's actions over the years, this one I think can really make a positive difference in a time of painful unemployment and sputtering small- and medium-sized businesses."

 

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QUESTION, worth Pondering or NOT? FED prints massive cyber corporate bailout dollars! They are used unfortunately to buy assets, like stocks! Once used can they be re-used! If NOT what keeps the market flying high if such liquidity is not maintained forever and forever?

World’s Greatest Illusionist: The Federal Reserve Watch as the curtain is pulled back on the Wizard of Eccles

36 mill unemployed, thousands of businesses shut down, the stock market is doing just fine. Does anyone w/ a brain wonder how this can be? Because it’s a freaking casino & gamblers make millions every day. Trump supporters believe he’s making them rich. Ain’t happening! VoteBlue

What happened to BRIC stocks 😘

It was actually faaMg

The stock market has become a fiction, which reflects zero reality.

Lmaooooooooo the latest? jimcramer either this is a high level troll or you’ve been hopped up on drugs the last 10 years

Well orchestrated.

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Cramer: Earnings from retailers like Walmart, Home Depot show 'survival of the fittest economy'“It looks like that the big guys won.” Large U.S. retailers benefited from coronavirus restrictions, while “so many other companies, little companies, medium, small, just couldn’t compete,” MadMoneyOnCNBC's JimCramer says. MadMoneyOnCNBC jimcramer yeah...that's what happens when the restrictions include shutting you down, except oh for WMT. MadMoneyOnCNBC jimcramer CNBC was demanding they be shutdown MadMoneyOnCNBC jimcramer CNBC is the worst when it comes to shaming people who have no pay and want to work. Nobody at CNBC has lost their livelihood yet they look down on those who want to work with pity.
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Stock market live updates: Futures flat after big Monday rally, Home Depot falls, Walmart risesA conversation about the latest market-moving news, including earnings from Walmart and Home Depot.
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