It's "tough to sell this market," TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said on Friday's CNBC "Stop Trading" segment.
At other times pullbacks in noteworthy stocks such as Microsoft (MSFT) - Get Report , Alphabet (GOOGL) - Get Report and Starbucks (SBUX) - Get Report would have had an adverse impact on the broader market. But the S&P 500 ETF (SPY) - Get Report is just flat Friday and the big stocks aren't taking down the market.
Cramer considered that "just rather amazing."
Even energy stocks are doing better, with Southwestern Energy (SWN) - Get Report up 13% simply because its earnings results weren't as bad as expected. Cramer pointed out Ensco (ESV) is up "gigantically" from its equity offering just last week. The company priced 57 million shares at $9.25. Currently, the stock trades for more than $12 per share.
Yes, there are areas of the market that aren't working, so it's not all roses and sunshine. But it's clear that investors want to buy equities, Cramer said, namely deep-value and bank stocks.
At the time of publication, Cramer's Action Alerts PLUS had a long position in GOOGL and SBUX.