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Right now, there are almost too many bull markets to count, Jim Cramer proclaimed to his Mad Money viewers Wednesday, as the buyers just can't seem to wait for prices to come down before snapping up their favorite stocks.
Cramer said there are always "lurkers" in the market, those willing to buy a stock for a little less than sellers are willing to sell for. But sometimes, the momentum shifts to the bulls and these lurkers are forced to lift the stock, paying what the sellers are asking and then some.
This was the case with Walt Disney (DIS) , as worries about ESPN subscriptions were countered by bullish comments on the company's conference call, sending the stock price higher.
Target (TGT) also delivered a monster 21-cents-a-share earnings beat that sent the bulls and short-sellers alike scrambling to buy up shares, ultimately climbing 6% by the close.
Finally, Cramer said there's a bull market in Caterpillar (CAT) , which appears to be "the" stock to own under a Trump administration that plans to spend billions on infrastructure.
Executive Decision: Chegg
For his "Executive Decision" segment, Cramer spoke with Dan Rosensweig, chairman and CEO of Chegg (CHGG) , the student services company that's seen its shares rise 127% since Cramer last checked in back in February.
Rosensweig said that education has taken a long time to go digital, but Chegg now has a platform to help students pick the right college, get financing, save on textbooks, find tutoring, get homework help and more. The company reaches over 40 million visitors a year on its website.
Chegg is also building an expansive database on student outcomes, Rosensweig explained, and can tell prospective students what other students are doing with their degrees and what skills they need to have to succeed.
Rosensweig also spoke of EasyBib, a citation service students can use to find the original source of information and prevent plagiarism. Still other services provide homework help and expert answers to questions on demand.
With so many things going for it, Cramer said the move in Chegg "is not over."
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