Jim Cramer's 'Mad Money' Recap: A Remarkable Market
NEW YORK (TheStreet) -- The averages may have ended the day lower but there are still plenty of stocks on the 52-week and all-time high lists, Jim Cramer said on "Mad Money" Thursday. In fact, nearly 10% of the stocks that make up the S&P 500 are at their 52-week highs, a remarkable feat.
There are certainty stocks that are doing poorly, he added, including Apple
Typically, certain sectors just don't trade in unison, Cramer explained. When consumer staples rise, industrials fall; when oils rally, discretionary spending retreats. But today's markets just don't seem to care about what's typical -- they're sending the aerospace and defense stocks higher, even in the face of the sequester and a possible government shutdown.
Oil stocks are at 52-week highs, including EOG Resources
It is truly an extraordinary moment, said Cramer, which has him both impressed but also remaining cautious and raising cash anytime the market manages another rally.
Executive Decision: Michael Weiss
Apparel retailers have been hit or miss lately, and that's why Cramer used his "Executive Decision" segment to sit down with Michael Weiss, chairman and CEO of Express
Cramer started off by asking Weiss exactly what it is that Express is selling that no other retailer seems to have. Weiss said that it depends on the day because the retail market is becoming increasingly volatile. He said the key to success in this type of market is to pursue the customer harder than ever.
Weiss added that Express believes there are patterns in what people buy and how they buy it. The key is to identify and anticipate those patterns and go with it. That's why Express stores are continually testing items to determine what the next fashions will be, connecting the dots before their competition does.