Jim Cramer, co-manager of the
, said on
"Stop Trading" segment that "a lot of the bear markets have ended since Feb. 10."
He said the apparel, restaurant, iron/ore and machinery groups are among those now following the bull rather than the bear. "Keep in mind that if that rolling bear ends, that would be terrific. You'd start seeing (
) again" in all sectors, Cramer said.
What else is making Cramer happy? The FANG stocks --
, the former Google. He singled out Amazon because Piper Jaffray and Wells Fargo both say Amazon is "doing much better than people think. Growth is healthy," Cramer said. Shares of Amazon are up more than 2% on Tuesday.
Finally, Cramer looked at
, which is down slightly Tuesday even though Robert W. Baird upgraded the stock to buy from hold.
"That is an
orphan drug company
that I am shocked someone's upgrading," Cramer said. "It's almost as if someone thinks something is going on" such as a new approval of one of BioMarin's drugs. But he cautioned the biotechnology sector has been in the biggest bear market of all the groups he follows, so he is not high on BioMarin right now.
At the time of publication, Cramer's Action Alerts PLUS had position is FB and GOOGL.