Expect a rally Wednesday if there's good news from retail giants and China, Jim Cramer says - 18 mai 2022
If we get more good news from China tonight “along with fine quarters from Target and Lowe’s … we’re going to have another one of these great days tomorrow. But if we don’t get that good news, we’re going to end up with a miserable, horrible, Walmart-style view of the world,” the “Mad Money” host said, referring to the retail behemoth’s quarterly earnings miss.
“When you get a positive out of China … you get a run in many stocks that we’ve had way, way too much fear for: Tesla (US.TSLA), Nike (US.NKE) and Apple (US.AAPL),″ he said. Cramer also pointed to other retailers and companies in the travel industry that reported upbeat quarters, suggesting healthy consumer spending and boosting related stocks.