On Monday's "Mad Money" show on CNBC, Jim Cramer said that while yesterday's rally was fueled by a resurgence of confidence in the government's economic plans, the foundation of any rally is the stocks that are powering it, such as the top 10 biggest-percentage gainers in the S&P 500.
For example, Exxon Mobil(XOM Quote) and Chevron, which he owns for his Action Alerts PLUS charitable account, confirmed the increase in the price of crude oil.
On Tuesday, Exxon closed down $1.15, or 1.6%, at $69.38. Chevron fell 21 cents, or 0.3%, to a $68.94 close.
He also saw signs of strength in financial stocks such as JPMorgan(JPM Quote) and Wells Fargo(WFC Quote), which both gained 24% on Monday, as well as Bank of America(BAC Quote). ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,501.05 | 1,114.11 | 2,212.10 | 35.46 |
Oil *
71.84
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UP
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UP
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UP
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10 Yr
3.55%
SPDR Gold
110.24
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+0.28%
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+0.70%
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+0.99%
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+0.17%
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