Divergent reactions to similar news from Norfolk Southern ( NSC) and Kimberly-Clark ( KMB) show how loaded the market is against cyclical stocks, Jim Cramer said on CNBC's "Stop Trading!" segment Wednesday.

Norfolk Southern mentioned raw-material and labor costs as its main concerns about the future, and the stock is down almost 9%. Kimberly-Clark made similar comments on its conference call, and the stock is up almost 2%.

"It's the cyclical rotation," Cramer said. "Norfolk Southern could stand on its head and say everything's great. People are just saying 'Get me out, I'm losing my head.'" Cramer said similar logic took investors out of oil services stocks last week prior to a rally.

An exception are oil companies like Marathon Oil ( MRO), which continue to rise because of eye-popping earnings. "Marathon says it's fed up with its stock -- it's accelerating a buyback. Meanwhile, the stock is at a 52-week high. What's to be fed up about?"

Cramer praised General Motors' ( GM) quarter but said the stock should be at $40, roughly $8 higher than its current price. "This might be the worst discounting mechanism we've ever seen," Cramer said, referring to the market's supposed ability to see into the future. "These should be great opportunities. The problem is that the moves are so vicious that no one in retail can catch them."

Along those lines, Cramer believes Apple ( AAPL) will return to its 52-week high of around $86 and that Amgen ( AMGN) has further to run. "The market is completely wrong."
At the time of publication, Cramer had no positions in the stocks mentioned.

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