Cramer's 'Mad Money' Recap: The Clear Value of Mixed Data
NEW YORK (TheStreet) -- When it comes to the stock market, the best thing you can get is mixed data, Jim Cramer told his "Mad Money" TV show viewers Thursday. Cramer said that's what is propelling the market higher.
What exactly is "mixed data?" Cramer said it's a weak leading economic indicator number with a stronger jobs number. It's higher consumer sentiment from one firm while another predicts a five-month low. It's good manufacturing numbers over here, with weak numbers over there.
Why should investors like mixed economic data? Cramer said mixed data mean the Federal Reserve doesn't have to worry about inflation and can remain in pro-growth mode. That notion alone accounts for much of the 2,440-point gain in the Dow Jones Industrial Average so far in 2013.
Among the biggest contributors to that gain are Boeing
There will certainly be some disappointments in the "mixed bag" market, said Cramer, as seen today with Google
Executive Decision: Mike Sutherlin
In the "Executive Decision" segment, Cramer sat down with Mike Sutherlin, president and CEO of Joy Global
Sutherlin said much of the weakness in Joy Global's stock stems from a general lack of understanding about his company's business model. He said while many investors view the company as a capital equipment supplier, in fact nearly 60% of Joy's business comes from service and support services in the after-market. While capital equipment is a volatile business, in the after-market things are much more stable, Sutherlin noted.