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NEW YORK ( TheStreet) -- Today was a bizarre day, one where the news of individual companies actually mattered, Jim Cramer said Wednesday. He told "Mad Money" viewers that after today's strong Wall Street rally they should savor the gains for tomorrow we'll all likely be right back to worrying about Europe.
On a day when the European Central Bank made a rare statement exuding confidence that member banks aren't on the brink of collapse, Cramer said the bullish news from U.S. companies took center stage. He said companies such Snap on Tools (SNA) told investors their businesses are strong thanks to increasing auto sales while many home builders received analyst upgrades thanks to robust spring sales.Cramer said that U.S. companies are obviously doing well when a $30 million secondary offering from Dollar General (DG) can net investors a quick 4.1% gain. Dick's Sporting Goods (DKS), Home Depot (HD) and even Ulta Salon (ULTA - Get Report), all of which had positive things to say about their business. As for Federal Reserve Chairman Ben Bernanke's testimony Thursday, Cramer said he doesn't want to hear about another rescue package, he expects to hear that the U.S. is doing just fine and will be doing even better once the overhang of Europe has gone. So while it may be fleeting, Cramer said investors should cherish today's gains while also being prepared for the debacle in Europe to rear its ugly head again tomorrow.