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NEW YORK ( TheStreet) -- The uncertainty in the market is breeding a cloud of fear and worry, Jim Cramer said on Mad Money Thursday. But occasionally the sun pokes through and the markets are able to rally, as they did today.
Cramer called today a terrific snap-back rally, a day when the bears retreated and calmer heads could take advantage of all the positives that go unappreciated on most days.
Changes at McDonald'sCan one man really make a difference at a multi-billion company? Cramer said he can, which is why the resignation of Don Thompson, CEO of McDonald's (MCD - Get Report) , is so significant. Cramer explained that McDonald's has been part of his charitable trust, Action Alerts PLUS, on the hopes that a turnaround would soon be at hand -- and now it appears it is. But while shares of McDonald's spiked 5% on Thompson's resignation, Cramer said investors shouldn't expect a quick fix. He liked the job facing McDonald's to be similar to that of Starbucks (SBUX) , another AAP holding, when CEO Howard Schultz returned to take the helm. It took Schultz a full 18 months to see sizable change, and McDonald's should be no different. The CEO sets the agenda at a company and creates the atmosphere that allows a team to flourish. McDonald's has a new coach, he concluded. We just need to wait until next season to see what happens next. In the meantime, Cramer said he's enjoying the 3.8% dividend yield. Must Read: Bill Gross: Fed Rate Hike Later This Year Won't Hurt Stocks
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