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NEW YORK (
) -- Take Washington off the table and the news out of the markets is actually pretty good, Jim Cramer said on
Wednesday. Cramer said that sometimes the positive news is even good enough to shake off the negativity and offer up a nice rally such as we saw today.
Investors should still be playing it cautious, said Cramer, and selling into strength to raise cash. But at least for today, investors should also take a moment to appreciate the many things that are actually going right in the market.
Take autos. Cramer said
(F), a stock he owns for his charitable trust,
Action Alerts PLUS
, offered up a better-than-expected quarter and could eventually even see levels not seen since Europe's woes first started wrecking havoc on stocks.
There's also a lot to like in tech, Cramer noted, with
reporting that telco spending is on the rise. That'll be good news for
and others. Even lowly
, another Action Alerts PLUS name, was able to get an estimate bump.
Retail and apparel continue to deliver as well, with
finally answering the question, "Where did all the shoppers from the other retailers go?". Apparel maker
saw strong sales, and that strength spilled over to Cramer faves
Other stocks on the upswing included
(NFLX - Get Report)
(Z - Get Report)
Investors still need to approach the markets on a day-by-day and case-by-case basis, Cramer concluded, but there are at least some areas worth looking into.
3 That Deserve Success
Sometimes too high is not high enough, Cramer told viewers. That's certainly true for stocks
(LNKD - Get Report)
(YELP - Get Report)
and Zillow, all of which had strong IPOs back in 2011, followed by a short period weakness, before shrugging off the naysayers and propelling themselves ever higher.
Cramer said that many thought LinkedIn was a fad in 2011 but since its lows revenue have increased 400% and earnings could double again next year. Zillow also proved the naysayers wrong and has been posting remarkable growth since its IPO in July 2011.