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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 (BA), which is selling fuel-efficient Dreamliners to combat rising fuels costs. 3M (MMM) also makes the list, as that company is seen as a big beneficiary as the economy improves. On the flip side, investors have also been clamoring for Johnson & Johnson (JNJ) as a hedge in case the mixed data turn bad. There will certainly be some disappointments in the "mixed bag" market, said Cramer, as seen today with Google (GOOG), Microsoft (MSFT), eBay (EBAY) and Intel (INTC), but those are all par for the course. While some stocks may stumble, the vast majority are on the move higher.