Jim Cramer's 'Mad Money' Recap: Why Was There a Rally?

Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener.


NEW YORK (TheStreet) -- Why didn't the markets get hammered today given the plethora of bad corporate news? That was the question Jim Cramer asked his Mad Money TV show viewers Wednesday, adding, sometimes just not losing money is something to be celebrated.

Cramer said the resiliency of today's stock market was worth noting, as there were plenty of negatives that should've sent the averages sharply lower. First, there was Sprint (S) walking away from a bid for T-Mobile (TMUS), news that sent shares down 19%. Then there was Twenty-First Century Fox (FOXA) walking away from its bid for Time Warner (TWX).

Parker Hannifin (PH) announced an unexpected shortfall that sent its shares down by 4.7%, and then Walgreens (WAG) told investors that it won't be moving its tax status overseas, news that sent that stock down a quick 14%.

But despite all these negatives, and the continued threat of another European recession and continued sinking interest rates, the averages were able to hold their ground. That's because for all the market's negatives, there are still positives out there, along with continued hope for a diplomatic solution to the conflict with Russia, Cramer said.

The rest of the Mad Money program was preempted by President Obama's remarks at the U.S. Africa Leaders Summit.

To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.

To sign up for Jim Cramer's free Booyah! newsletter with all of his latest articles and videos please click here.

-- Written by Scott Rutt in Washington, D.C.

To email Scott about this article, click here: Scott Rutt

Follow Scott on Twitter @ScottRutt or get updates on Facebook, ScottRuttDC

At the time of publication, Cramer's Action Alerts PLUS had no position in stocks mentioned.

More from Jim Cramer

Snap, Gilead Sciences, Cronos Group: 'Mad Money' Lightning Round

Snap, Gilead Sciences, Cronos Group: 'Mad Money' Lightning Round

The Trouble With Trump's Tariffs: Cramer's 'Mad Money' Recap (Friday 6/22/18)

The Trouble With Trump's Tariffs: Cramer's 'Mad Money' Recap (Friday 6/22/18)

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

Jim Cramer: Some Industrials Stocks Are Becoming Great Values

Jim Cramer: Some Industrials Stocks Are Becoming Great Values

Jim Cramer Reacts to Toni Sacconaghi's Latest Tesla Note

Jim Cramer Reacts to Toni Sacconaghi's Latest Tesla Note