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Before the markets even opened today, stocks were buoyed by news out of China that the Chinese government might finally be willing to step in and do something big to stimulate itseconomy. That news was joined by Bill Dudley, president of the New York Federal Reserve, stating that perhaps, just perhaps, he was a little too bullish on the U.S. economy late last year. Cramer said he cannot overstate how important the Fed's stance on the economy is to the outlook for the stock market.
But the positive news didn't stop there. Ford (F) delivered a strong quarter that called into question the notion that the U.S. has seen a peak in auto sales. Meanwhile, in the oil patch, Marathon Oil (MRO) was able to put to rest fears of its demise by completing a successful 145-million-share secondary offering. "Another wounded player saved," proclaimed Cramer.
Finally, there was Workday (WDAY) , the cloud-based software player that reported a phenomenal quarter, only to see shares fall in yesterday's session. But today, Workday soared higher by 18.6%, adding fuel to the entire growth stock sector.
Executive Decision: Niraj Shah
For his "Executive Decision" segment, Cramer sat down with Niraj Shah, co-founder and CEO of online home goods retailer Wayfair (W) , which reported a strong quarter but has since seen its stock give back much of the early gains.
Shah said it was a very strong quarter for Wayfair, with new orders up 67% and repeat orders up over 90%. He said Wayfair now employs 450 engineers and continues to keep technology at the core of everything it does.
Shah also commented on Wayfair's expansion into Europe, saying the company is taking a slow and steady approach, but ultimately sees Europe being as big a market as the U.S.
Wayfair is also expanding into the offline world, offering catalogs for the first time to repeat customers as an additional touch point to offer ideas and inspiration.
Cramer said Wayfair is performing far better than he would expect given the current economic environment.